Bullionism

/ˈbʊljənɪzəm/ noun

Definition

An economic theory that a country's wealth is best measured by how much gold and silver bullion it possesses.

Etymology

From 'bullion' (precious metals in bulk) + '-ism' (system or theory). This term describes a specific historical economic philosophy, particularly popular during the mercantile era.

Kelly Says

Bullionism was the economic thinking that made countries obsessed with finding gold—it drove entire colonial empires and exploration, all because people believed shiny metal in a vault equaled national power!

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