What economic principle of thought emerged in the 1500s & 1600s? It taught that whoever had the most money had the most power.

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Social Studies

Aubrey

14 April, 19:03

What economic principle of thought emerged in the 1500s & 1600s? It taught that whoever had the most money had the most power.

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Andrea Oneill · Answer 1

The economic principle that was most dominant was that of mercantilism. It was an economic theory where it was believed that in order to become the strongest nation, a country has to have production at highest possible levels, all so as to prevent others from exporting into the country that is producing.