How are Commodity Money and Mercantilism related?
A greedy but brilliant businessman in England that was one of the great early thinkers
in the concept of paper money.
A brilliant scofflaw that observed the economy and created hypotheses about stocks
and money that proved to be accurate.
Money is the value by which goods are exchanged and not the value for which goods
are exchanged.
When there is a limited amount of commodity money available, then it makes since to
keep the economy as closed as possible in order to keep the commodity within a
nation's economy.
Money was no longer "locked up" in the value of houses, and allowed much more
money, and profit, to flow through the economy.
Answers: 2
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How are Commodity Money and Mercantilism related?
A greedy but brilliant businessman in England tha...
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