A historical practice in which foreign economic policies and trade were manipulated to build up a monetary surplus that could be used to finance war,__________ influences many states' foreign policies.

Question

Quizplus · Accepted Answer

Mercantilism is the historical practice in which foreign economic policies and trade were manipulated to build up a monetary surplus that could be used to finance war. This practice focused on maximizing exports and minimizing imports to build up a favorable balance of trade. It is still an influential concept in many states' foreign policies today.

A Historical Practice in Which Foreign Economic Policies and Trade