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    HistoPol (#HP) 🏴 🇺🇸 🏴 (histopol@mastodon.social)'s status on Wednesday, 12-Feb-2025 08:28:38 JSTHistoPol (#HP) 🏴 🇺🇸  🏴HistoPol (#HP) 🏴 🇺🇸 🏴
    in reply to
    • MoiraEve

    @MoiraEve

    #TrumpCoup by the #TrumpMuskDuumvirate
    #USpol
    #Tariffs #Economics

    (4/n)

    ...👉 widespread smuggling👈 . The constraints of #mercantilism were a cause of friction between #Britain and its #American colonies and were arguably among the elements that led to the #AmericanRevolution. " 2)

    👉 To be sure, this knowledge is but an "Economics 101" or "European History 101" at college!👈

    //

    2)
    https://www.britannica.com/money/mercantilism

    In conversationWednesday, 12-Feb-2025 08:28:38 JST from mastodon.socialpermalink

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    1. Domain not in remote thumbnail source whitelist: cdn.britannica.com
      Britannica Money
      Mercantilism, economic theory and practice common in 16th–18th-century Europe that promoted governmental regulation of a nation’s economy for the purpose of augmenting state power at the expense of rival national powers; it was the economic counterpart of political absolutism. Learn more about mercantilism here.
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