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Title: Capitalism
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Subject: Social Issues
Date: May 12, 2002
Length: 4 / 1138
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In this the state exercised much power over production, trade, and consumption. Government accumulated most national wealth from the massive amounts of gold, silver and other precious metals. In mercantilism the real wealth of the nation was measured in its ability to produce...
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Eventually mercantilism gradually evolved into practices that would in time become capitalism. In the later 18th century modern capitalism was forming with the help of two developments. One was the concrete ideas of Adam Smith and the other was Francois Quesnay and the group of the physiocrats...
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