[Answer] What was considered to be a measure of a country’s strength under mercantilism?

Answer: Governments did everything to get more gold and silver. Countries tried to export more goods than they imported so they could keep a more favorable balance of trade.
What was considered to be a measure of a country’s strength under mercantilism?

Mercantilism is an economic policy that is designed to maximize the exports and minimize the imports for an economy. It promotes imperialism colonialism tariffs and subsidies on traded goods to achieve that goal. The policy aims to reduce a possible current account deficit or reach a current account surplus and it includes measures aimed at accumulating monetary reserves by a positive balance of trade …

Neomercantilism is considered the oldest school of thought in international political economy (IPE). It is rooted in mercantilism a preindustrial doctrine and gained ground during the Industrial Revolution. It is also considered the IPE counterpart of realism in the sense that …

Mercantilism – Wikipedia

Mercantilism – Wikipedia

Mercantilism – Wikipedia

Mercantilism – Wikipedia

The Navigation Acts were repealed in 1849 under the influence of a free trade philosophy. The Navigation A…

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