2/05 - The Age of Mercantilism

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The Age of Mercantilism, spanning from the 16th to the 18th century, was characterized by a European economic policy that prioritized national wealth accumulation through trade balance control. Nations sought to maximize exports and minimize imports through government intervention, imposing tariffs and granting monopolies to protect domestic industries.

From trading sugar to slaves, this era saw the emergence of powerful maritime empires that extended their economic influence through colonization, extracting resources and establishing trade sea routes globally.

Mercantilism significantly influenced the economic landscape by promoting the development of industries that were key to national interests, such as textiles and shipbuilding. This focus on enhancing national economic capabilities necessitated a skilled workforce capable of operating complex machinery and engaging in sophisticated trade activities.

As a result, TEVT systems began to evolve, adapting to meet the needs of these expanding industries. Guilds, which had previously dominated trade and craft training, gradually integrated more formal educational structures to train individuals in specific skills aligned with mercantilist objectives, thereby laying the groundwork for modern TVET systems.

Maya via the table below has presented an interesting read between a Mercantile commodity and TVET in those times:

Thank you for your time ❤️