Economic Warfare: Blockades and Tariffs in Mercantilist Europe
During the early modern period, European nations engaged in a fierce struggle for economic dominance. This rivalry often manifested through economic warfare, notably via blockades and tariffs, which aimed to weaken rivals and bolster national wealth. The Mercantilist Philosophy Mercantilism, the dominant economic theory from the 16th to the 18th century, emphasized the importance of … Read more