What economic doctrine is Colbert associated with?
Colbertism
Capitalism
Socialism
Feudalism
Answer
Colbertism, named after Jean-Baptiste Colbert, is an economic doctrine that emphasizes state intervention in the economy to promote domestic industry and increase national wealth. It advocates for protectionist policies, such as tariffs and subsidies, to shield domestic industries from foreign competition. Colbertism also encourages the development of infrastructure, such as roads and canals, to facilitate trade and economic growth.
Colbert's Chronicles: Unveiling the Legacy of France's Mastermind
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