This might have been seen as being selfish to other countries, which is why other nations eventually started taxing goods from France. Minimizing imports was not the only measure France took to keep their money. They also built a large navy to protect against smugglers. The actions taken because of Colbert’s Mercantil system made France very wealthy, and eventually was adopted in all parts of the world to create wealth. The surpluses of money that Mercantilism creates still finance wars all around the globe in the 21st Century, and it is amazing that Colbert invented it back in the 17th Century.
Britain also established companies in India and Africa. Due to the trade between the colonies via the companies, Britain started to generate a large consistent income. Mercantilist policies were introduced shortly after 1680. A factor that led to Britain gaining its reputation and wealth were that it established a strong connection with its merchants. The merchants were happy to trade with Britain as a policy of Britain was to protect its clients.
This instituted trade connections, which greatly increased the wealth of the empire as a whole, It also brought many foreign lands into grasp for Islamic conversion. As all empires before it had done, the Abbasid empire declined. Yet again the failure of the empire is pointed towards the caliphs. Their failed attempts to reconcile with the opposing Shi'a led to revolts and splintering of the empire. Through both of the Umayyad and Abbasid empires the caliphs would greatly increase the strength and support of the empire but in the end they would
Most of the ex-samurai families were initially in a great position to wield power in the new government, since they tended to be the land owners. There were some exceptions however, since in the new economy profit meant power, the merchant class did see a rise in influence in the new political system. Unfortunately this new power applied only to the very wealthy merchants who could make vast profits trading with other countries. The Oligarchs ended up opening the government somewhat to ‘commoners’ but only so far that they tended to pick people from the old ruling families since they tended to be the best educated, in effect keeping power in the Elites
The individuals in this caste were considered the most significant people in terms of nationalist thoughts and ideas (Aggarwal, 2013). Because of their occupation, the British were able to obtain more land and acquire raw materials which helped their imperialism spread throughout the country. India was able to provide the British with the materials and supplies necessary for industrialization and trading throughout the world. Calcutta became a naval port and was utilized for trading. The British took full advantage of this opportunity as it was quite lucrative (Aggarwal, 2013).
Last and finally the those clever English brought more than just stuff they brought a way of life wealth, religion and a since of honor to the savage land. What lead to Great Britain’s victories over there rivals in the new world was smart military tactics on the battlefields as well as the finances to support their armada, with all the gold and goods they took from the Aztecs in Mexico the English were almost unstoppable. Thus the spoils fall to the victor as Great Brittan took charge of the new
The huge black market for alcohol controlled by crime organizations grew so large that many of the criminal groups were able to build their empires mainly on profits from illegal alcohol. This in turn made them grow in power and their influence on society increased. Many politicians and law enforcements became corrupt, and turned a blind eye to the illegal activity since they were bribed. Prohibition also led to economic consequences. Before the liquor ban, many states relied on tax revenues, and when Prohibition went into effect, those revenues were lost- causing the United Nations to lose 11 billion
Both the Spanish and the Ottomans took part in the slave trade. The Ottoman Empire's economy grew vastly because they had control of the trade routes and they could increase trading taxes whenever they pleased to however much they pleased. The Ottomans were constantly capturing more and more land. The Spanish were able to take part in the Columbian Exchange by forcing the natives to work on encomiendas. Both the Ottomans and Spanish had much power over trade because they captured land and turned to Africa for more slaves.
Numerous wars were fought over trade, because of the great profit it brought to the land. The Crusades were not just holy wars, but they also aimed to take one of the largest trading centers and routes in the world. Trading and the City: Merchant and traders were not part of the medieval feudal society, yet they had great influence in it. As trade developed, towns along the trade routes became richer and richer. Some developed into great cities, such as Paris, France.