HIS244H1 Lecture Notes - Mercantilism, Cultural Relativism
Document Summary
They need more ships because of reliance on dutch, but also need to increase manufacturing so they don"t have to rely on imports so much, and they can keep money in the country. Stress the importance of keeping money in france. If dutch have certain amount of trade, french have to do something to get it away from them. Trade opens up a lot of jobs (navigation of the seaports) invigorating the economy. Principle objective: state power and prosperity good for them and good for us. Mercantilism is so focused on the government/crown and it"s role in promoting. If you don"t do it it won"t happen trade, if they don"t support and develop it, the economy will be stagnant (central point to mercantilism) Various ways to do that: promoting industry, go to war, erecting tariff barriers. Ideas of development discusses progression of different stages of commerce.
