Economic Theory

2.3.2. The period between the 16th and 17th centuries This period is considered true mercantilism. - The characteristic is that wealth is still considered as currency, a country must accumulate money, and the way to get rich is still foreign trade. - But the difference from the early period is ...

His unique social activities took place. He set himself the task of finding measures to improve the working and living conditions of workers and benefit the business. He organized labor reasonably, shortened the working day from 14 hours to 10 and a half hours, raised wages, banned child labor ...