Mercantilism: The Economics of Absolutism
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http://www.tomrichey.net Mercantilism is an economic philosophy that emphasizes competition between nations for wealth, which was measured in terms of who had the most gold and silver. A mercantilist economy stresses national self-sufficiency and the preservation of national wealth through a favorable balance of trade. Mercantilism is a type of command economy, strictly regulating the production, distribution, and consumption of goods and services. Although I specifically focus on Jean-Baptiste Colbert's implementation of a mercantilist economy in absolutist France under Louis XIV (especially useful for AP Euro), the material in this lecture is also useful for US History students who want additional context for understanding the conflicts between the British colonies and Parliament regarding trade and taxation. If you like this lecture, check out my AP European History Playlist: https://www.youtube.com/playlist?list=PLfzs_X6OQBOxudw-bxvxBuTWvh6bwaVhQ
Comments
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go bucks, buckeye or die
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Wonderfully explained. Thank you so much!
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great video, cool shirt
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you helped me to play eurpa universalis iv. thank you
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Mercantilism is THE true way nations become powerful and wealthy....NOT free trade.
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ormur
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Hey discount Matt Damon, you explain these things really well.
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So if the whole goal is to export more than you import and collect/hoard all of the gold, then I would assume mercantilism would be kind of pointless in this day and age, considering we don't trade using gold, right?
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This sucks donkey balls
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-Notices Mastodon shirt
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Млн неширок злощ кекс шаг шёл.
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Great teacher , Great video !! Greetings from Portugal
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thanks
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Trump or Hillary?
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Thanks bro
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Hi! In zero-sum game is it possible for rival states to pursue capitalist development? Thank you!
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really, economics is the study of the distribution and consumption of finite resources.
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Clear, short, comprehensive! I learned more in 18 minutes of watching this, than I learned while reading the entire article on wikipedia. Thank you very much!
Greethings from Switzerland :)
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