Mercantilism: This Term Refers to Essay

Excerpt from Essay :

In its most basic sense, this treaty abolished the age-old practice of electing a king of the Romans, a reference to the Holy Roman Empire; it gave France the geographical areas of Verdun, Alsace, Metz and a portion of Strasburg; Sweden was given West Pomerania, Stettin, Wismar and Bremen, known as bishoprics but now part of northern Germany; Bavaria retained the Upper Palatinate and all electoral titles, and Saxony retained Lusatia. Also, Spain was forced to fully recognize the United Provinces as a sovereign nation-state. Overall, the Treaty of Westphalia turned Europe into a conglomerate of separate political and economic nation-states that were only partially dependent on each other; the treaty also made it possible for mercantilism to spread throughout Europe, thus creating the foundation for many more years of conflict and war. In addition, this treaty also brought an end to the Eighty Years War between Spain and the Netherlands and is now viewed as one of the first treaties to be based on diplomacy and to allow a nation to be governed by a sovereign entity, thus creating some of the first true sovereign nations in Europe. This treaty also brought to a close…

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