Capitalism, Liberalism And Marxism Leninism - 1486 Words

Since the dawning of man and the discovery of wealth there has been one large question to concept of wealth; how do I get more? In the world of economics there are several theories and approaches but the three main powerhouses that have either stood the test of time or paved the way for economic revolutions are Mercantilism, Liberalism and Marxism-Leninism. Each of these economic theories have great strengths in their own rights but are of course not without great limitations. While there is no such thing as an inherently perfect economic and political system it is quite obvious that some come closer to the mark than others. Mercantilism has been nicknamed the economics of absolution. Mercantilism is the theory that a countries power depends mainly on its wealth, the power to build large and formidable navies and lastly the control and purchase of vital trade goods and routes. The two main ways to increase a countries wealth is to obtain as much gold and silver as possible and to est ablish a favorable balance of trade that sells more goods than it has to buy. In Mercantilism buying more than you are selling will lead to an unfavorable balance which will lead to a national dept. Europe in early history utilized mercantilism which lead to the creation of colonies. The soul purpose of a colony is to support and benefit the mother country. A good example of this is North America, North America had untapped raw resources such as minerals, metals and trees; it is worth notingShow MoreRelatedPopular political Ideologies in the 20th Century: A brief Study of popular 20th Century political trends.1367 Words   |  6 Pagesproclaim to be superior next to all others; the fact is that all worldviews have failings and merits and specific purposes. 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Explain the Impact This Change Has Made on Our Lives and Why It Is an Important Change.163893 Words   |  656 Pagesand the more general rise of passport and systematic immigration laws after World War I.19 Restrictions on international migration in the 1920s heralded the retrenchment of economic liberalism into greater isolation and autarky that characterized the next two decades. And the later revival of global liberalism (after 1950 and more worldwide after 1990) did not stop the multiplication of migration controls, the proliferation of identity documents, and ever more complex laws to sift and select