mercantilism

Spice Trade History

The spice trade refers to the global commerce of spices, primarily from the East Indies (present-day Indonesia, India, and other regions) to the West, spanning centuries. It profoundly impacted world history and economies. Key Characteristics / Core Concepts High Value, Low Volume: Spices were exceptionally valuable due to their rarity and desirable properties as flavor … Read more

Mercantilism

Mercantilism is a national economic policy that aims to maximize the accumulation of wealth and power through government regulation of trade and industry. It emphasizes exports over imports and the accumulation of precious metals like gold and silver. Key Characteristics / Core Concepts Government Intervention: Strong state control over the economy, including trade policies and … Read more