Mercantilism Between the sixteenth and eighteenth centuries, mercantilism was the policy that heavily influenced western Europe and took the place of medieval feudalism. The term mercantilism was first used in 1776 by an economist, Adam Smith, from the latin word mercari mean...
Introduction American financial sector grew and expanded into an international financial center during 1970s . At the same time, local banks, securities, exchange and insurance companies grew up. After 1990, the world has changed more rapidly than other times since the World War II ended in 1945....
When looked at from the perspective of Adam Smith, the father of economics, he noted in his book "The Wealth of Nations" that trade is one of the greatest means that promotes economic efficiency, since it facilitates division of labor". ...
