RUSSIAN REVOLUTION
MAJOR EVENTS IN PRE REVOLUTION RUSSIA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Economic policy common to many absolute monarchies. Government control of foreign trade is of paramount importance for ensuring the military security of the country. In particular, it demands a positive balance of trade and desires new sources of gold and silver, thus leading to more colonialism.
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urbanization
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laissez faire
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mercantilism
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John Locke
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Explanation:
Detailed explanation-1: -Mercantilism is an economic theory that advocates government regulation of international trade to generate wealth and strengthen national power.
Detailed explanation-2: -Mercantilism was based on the idea that a nation’s wealth and power were best served by increasing exports and reducing imports. It’s characterized by the belief that global wealth was static and that a nation’s economic health relied heavily on its supply of capital.
Detailed explanation-3: -Mercantilism is an economic policy that is designed to maximize the exports and minimize the imports for an economy. It promotes imperialism, colonialism, tariffs and subsidies on traded goods to achieve that goal.
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