"Bullionism" Example Sentences
1. Bullionism was a prevailing economic theory in the 17th century.
2. Some historians believe that bullionism contributed to the economic downfall of Spain.
3. The bullionism policy aimed to accumulate gold and silver in a country's treasury.
4. Bullionism was popular among mercantilists who saw precious metals as the key to wealth.
5. The bullionism approach led to the hoarding of gold and silver by some nations.
6. Bullionism was criticized for its focus on accumulating precious metals rather than investing in productive activities.
7. The bullionism policy was abandoned in the 19th century when currencies were based on fiat money.
8. The bullionism doctrine was used by European colonial powers to justify their extraction of wealth from conquered lands.
9. Bullionism was closely linked to the economics of imperialism.
10. The bullionism theory was based on the belief that a nation's power depended on its stock of precious metals.
11. Bullionism led to the establishment of banks that could store and manage large quantities of gold and silver.
12. The bullionism model did not take into account the value of non-monetary goods and services.
13. Bullionism was challenged by other economic theories such as physiocracy and classical liberalism.
14. The bullionism philosophy influenced many policies adopted by European nations during the Age of Discovery.
15. The bullionism approach fueled the trade in precious metals and gems.
16. Bullionism was a driving force behind the conquest of the Americas and the exploitation of its resources.
17. The bullionism policy had a significant impact on the global economy and trade patterns.
18. The bullionism doctrine supported the establishment of trade monopolies and protectionist measures.
19. Bullionism was criticized for ignoring the importance of innovation and technological advancement.
20. The bullionism philosophy was widely adopted by European powers during the late Middle Ages and Early Modern period.
21. Bullionism was challenged by Adam Smith's Wealth of Nations, which argued for free trade and specialization.
22. The bullionism model was based on a zero-sum game, where one nation's gain was another's loss.
23. The bullionism approach was supported by many powerful merchants and financiers of the time.
24. Bullionism contributed to the rise of colonialism and the exploitation of the global South.
25. The bullionism policy was also known as the "bullionist controversy" among economists.
26. Bullionism was an important factor in the conflict between Spain and England during the 16th century.
27. The bullionism doctrine also played a role in the establishment of the Bank of England in 1694.
28. Bullionism was based on the belief that a nation's wealth depended on the amount of gold and silver it had in reserve.
29. The bullionism theory assumed that the price of goods was determined by the exchange rate of gold and silver.
30. Bullionism was eventually replaced by the gold standard and other monetary systems in the 20th century.
Common Phases
1.
Bullionism was a prevalent economic theory during the Renaissance; it advocated for the accumulation of precious metals like gold and silver in order to strengthen a country's economy.
2. Many European countries implemented bullionist policies during the 16th and 17th centuries; these policies heavily restricted the amount of foreign goods that could be imported into the country.
3.
Bullionism was especially popular in Spain during the 16th century; the country had found immense wealth through its colonization of the Americas and sought to maintain its economic dominance through the accumulation of precious metals.
4. The rise of
bullionism during the Renaissance had a profound impact on global trade; many countries around the world began to focus on exporting goods that were in high demand in Europe in order to accumulate precious metals in exchange.
5. While
bullionism was successful in boosting the economy of some countries in the short term, it ultimately proved to be unsustainable; it led to inflation and economic stagnation in many European countries in the 18th century.