What is mercantilism?

Body of economics thought popular during the mid 16th and late 17th centuries. It held that money ... [BusinessDictionary.com] TERM OF THE DAY OCTOBER 6, 2016 [mercantilism] [facebook] [twitter] Body of [economics] thought popular during the mid 16th and late 17th centuries. It [held] that [money] was [wealth], [accumulation] of [gold] and [silver] was the key to [prosperity], and one nation's [gain] was another's loss. Supported by economists such as Gerard de Malynes (1586-1641), Edward Misselden (1608-54), and Sir Thomas Mun (1571-1641) in the UK, Jean Baptiste Colbert (1619-83) in France ,and ... [Read more] USAGE EXAMPLE The philosophy of mercantilism in centuries past was a problem for foreign policy, and frequently caused stress between nations. The countries who held this belief close to their heart frequently were at conflict with their neighbors. TODAY'S LATEST [InvestorGuide Daily] [Cheniere Energy: a Long-Term, High-Growth Stock] [Cheniere Energy, Inc. (LNG) announced second quarter revenues of $176.8 million, up 160% year-over-year from just $68.0 million during the same period last year. The global LNG ...Read more] [InvestorGuide Stock of the Day] [Barrick Gold (ABX) Slides 12%: Here's What Happened] [Shares of Canada based Barrick Gold Corporation (ABX) fell on Tuesday with the rest of the market. The stock was down 11%, falling nearly $2 per ...Read more] RECOMMENDED LINKS [Business Dictionary Recommended] [Which Leadership Strategies Align with Which Personalities?] [Leadership strategies are those actions that promote the creation of a unique and valuable market position through a system of activities that complement one ...] [BusinessDictionary.com] [Investor Guide Recommended] [5 Ways to Prepare Your Heir to Inherit Your Estate] [You have developed all of your estate plan documents -- your will, trust, letter to heirs, living will, and etc. So now you are all set, right? Probably wrong, at least ...] [InvestorGuide.com] [DQ] [Isaac Newton, Karl Marx & Adolf Hitler are sitting at a table. What do they talk about?] [Have something to say? Don't be shy, answer this question and let us know what you think. Feeling adventurous? Then don't stop with one question and continue browsing!] [Daily-Question.com] DOWNLOAD OUR APP [Download BD Android] [Download BD iOS] Copyright 2016 WebFinance Inc. All Rights Reserved. BusinessDictionary.com Term of the Day is published by WebFinance Inc., the operators of [InvestorWords], [InvestorGuide], and [BusinessDictionary], and is sent only to those who have specifically requested it. [MANAGE SUBSCRIPTION] | [DISCLAIMER] 10201 Fairfax Boulevard, Suite 570, Fairfax, VA 22030