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mercantilism |
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And just as it was for the mercantilists of 17th- and 18th-century Europe, an adequate home market (or access to one, as the Swiss and Dutch had to the markets of Germany and central Europe in the 19th century) is the most effective base for being competitive in the world economy. The Creole elite that financed the city's expansion in the first half of the nineteenth century was at root a rent-seeking ancien regime, producing wealth as slave-owning planters, mercantilists, and landlords; consequently antebellum St. But, it is noteworthy that in her otherwise excellent discussion of the rhetoric of usury, Sullivan does not acknowledge how mercantilists such as Gerard Malynes included in his definition of "usury" the alienation of bullion from England to foreign countries as a result of merchants' and bankers' manipulation of exchange rates. |
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