Main philosophical movements of the Early Modern period

Early Modern period coincides with

Commercial capitalism replaces feudalism and guild organisation

One of the main modern inventions that led to a historical breakthrough

It is a set of political and economic ideas that developed between the 16th and 18th centuries in Europe. It consisted of strong state intervention in the economy, and developed during monarchical absolutism

On the threshold of the 16th century, the first colonial empires emerged:

On the threshold of the 16th century, absolute monarchies supported the bourgeoisie

The age of discoveries were led by:

Portugal was the first European country to build a trading empire in America:

First round-the-world

Areas of action of Casa de Contratación

It was a judicial procedure in Castilian and Indian law, which consisted in the fact that at the end of the public official's term of office, his actions were subject to review and all the charges against him were heard.

The main economic activity for the Spanish Empire was silver mining:

It was a convoy system of sea routes organized by the Spanish Empire from 1566 to 1790, which linked Spain with its territories in the Americas across the Atlantic.

The age of discoveries strengthen the Mediterranean ports

In the main European modern countries, commercial law is becoming a unified national law under the authority of

Modern economic thought

Mercantilism favours economic liberalism

Characteristics of mercantilism

The economy functions better without state intervention. It uses the metaphor of the

Economic policy that advocates non-intervention by the state in international trade, allowing flows of goods to be determined by the advantages of each country and the competitiveness of companies.

He developed the principle of comparative advantage