France would benefit from fewer civil servants

Hanisauland: Lexicon @todo: from Preprocess


The ruler needs money

In the age of absolutism, i.e. between the 16th and 18th centuries, the financial needs of the rulers changed. The newly formed standing army, the growing number of officials and the representative palaces of the rulers cost a lot of money. Therefore, the rulers tried to influence the economy in order to get more state income. This type of economic policy is called "mercantilism" (derived from the Latin word "mercari", which means "to trade").

The goal: to strengthen economic power

In order to strengthen the economic power of the countries, many goods should be sold abroad and as few goods as possible should be bought abroad. In order to achieve this goal, high tariffs were imposed on imported goods, i.e. goods that came into the country. Above all, cheap raw materials were imported, which were then processed into expensive goods in manufactories - an early type of factory - and then sold abroad. In order for the economy to function better, uniform dimensions for coins and weights were introduced.

Jean Baptist Colbert

One of the most famous exponents of mercantilism was the French finance minister, Jean Baptist Colbert. For the first time in history he introduced the state budget, which kept a record of France's income and expenditure.

Different forms of mercantilism

Each country developed a particular form of this mercantilism. In Germany, for example, special emphasis was placed on strong financial strength and an increase in the population. In some countries, such as France, trade and industry were greatly encouraged, but at the same time agriculture was severely neglected.

For experts: In technical terms, German mercantilism is called "cameralism".

FAQ / Frequently Asked Questions

(Frequently Asked Questions - this is the English translation of "frequently asked questions")

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