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Free Trade Doctrine
Etw enlightenment free trade doctrine
Requires Wealth of Nations
Building Needed Modern University
Leads To Classical Economics
Stream Philosophy
Effects
  • -1 Happiness. Clamour for reform
  • +25% Coin Bonus to the growth in trade route income
  • +10 Coin per turn to town wealth in the region
  • +25% Coin Wealth generated by ports
  • Enhances national prestige
  • Leads to Global Trading Company
Free Trade Doctrine is a Technology in Empire: Total War.

DescriptionEdit

The concept that trade should be unimpeded by taxes, tariffs or any other restriction enacted by authority.

Free trade is an intensely pleasing prospect for traders. The basic principle is that the less those in power involve themselves in matters of trade the more it will be able to flourish and grow, thus creating wealth. Taxes, tariffs or other restrictions that can be laid upon trade will only prove counterproductive. This runs entirely counter to the medieval idea of guilds, that sought to limit trade and production of goods to those who had spent years learning their craft. Historically, David Ricardo (1772-1823) was one of the leading minds in the advancement of the free trade doctrine. He sought to prove it could be beneficial not only to be economically strong, by also to be economically weak. He developed this theory and it became known as the theory of "Comparative Advantage." The key point of the theory was the idea that a region or country should specialise in goods that are easily and economically made within their borders. By doing this, a sizable yet easy profit would result and grow from trade with others.

General InformationEdit

Research of Free Trade Doctrine requires Wealth of Nations to have been researched and a Modern University or an equivalent to be constructed or captured. In turn, researching Free Trade Doctrine unlocks research for Classical Economics.

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