How is wealth created? Who is in charge of the mechanisms for building wealth? Much of what we consider the study of history is really the study of applied economic policies. In this episode, we focus on the contemporary systems we are all familiar with, at least in a trivial sense. Our main focus is Capitalism, but we will talk about other "isms" as well. The goal is to prepare for conversations about the political economics of the Puritans. They would not recognize the systems we have today. Mercantilism was emerging as a replacement for feudalism. It was a precursor to Capitalism. It was also its antithesis. To really understand what it was, it's a good idea to have something to compare it to. Understanding these principles helps us to understand and apply history in our own lives... in more areas than just finance, as we'll see.

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