karlaperez7309
04.02.2020 •
History
Explain the economic theory of mercantilism.
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Ответ:
Mercantilism was the theory of trade espoused by the major European powers from roughly 1500 to 1800. It advocated that a nation should export more than it imported and accumulate bullion (especially gold) to make up the difference. The exportation of finished goods was favored over extraction industries like farming.
Ответ:
WEAKNESS
no taxing power: The confederation gov't could not require states to pay taxes.
inflation The continental dollars were not backed by gold or silver so their value was inflated.
Jealousy and Arguing among states Would warfare breakout out between sovereign states as it did in Europe among sovereign nations?
Tariff Wars(tax wars) Each state charged rival states a tariff on imported goods.
Foreign Affairs in Shambles Foreign countries distrusted the confederation because it had no power of the purse to back its agreements.
They had no power to draft soldiers
They had no power to enforce treaties
They couldn't raise taxes to pay borrowed money back
They had no chief executive (president)
They had no national court system
They had no power to regulate interstate commerce (trade)
They had no national currency
It was difficult to pass laws, they needed a 2/3 vote
They needed a unanimous vote to change articles
Explanation: STRENGTHS
Congress could declare war, and start an army and navy
They could make peace and sign treaties
They can borrow money
They can organize a post office