Mercantilism in the New England Colonies

Length: 3 Pages 626 Words

For the fledgling British colonies in the 16th, 17th, and 18th Centuries, mercantilism was a way of securing a new, uncertain economy. The colonies were able to run their trade uninterrupted and had the most powerful navy in the world around for protection. However, as devised, mercantilism more greatly benefited England as it severely limited colonial manufacturing, resulted in high prices for the colonists, and caused a resentment of the British government. Mercantilism was an economic system in which the government controlled both the industry and trade of its country. Its purpose was to build a wealthy and powerful state by limiting imports and encouraging exports. England kept a tight control on the economic affairs of its colonies through the use of tariffs and regulatory laws. These laws created a trade system whereby Americans provided raw goods to Britain, and Britain used the raw goods to produce manufactu Continue...

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(Mercantilism 2) In 1651, the English Parliament passed the first of the Navigation Acts. As the suppliers of raw goods only, the colonies could not compete with Britain in manufacturing. (The American Colonies 3) A combination of the poor conditions of the Southern tobacco industry and the restrictions placed on the colonists elicited from them a feeling of resentment toward the mother country. However, in the Southern Colonies, where the Navigation Acts vastly lowered tobacco prices, colonial economies suffered. Mercantilism and the triangular trade proved quite profitable for New England tradesmen and ship builders. It gave the new economy direction and resulted in a growth of the American trading industry. red goods that were sold in European markets and back in the colonies. The Staple Act of 1663 extended the Navigation Act by requiring that all colonial exports to Europe be landed through an English port before being re-exported to Europe. However, they forgot that the colonists had their own ideas of wealth and growth, which mercantilism did not allow to happen. Other raw goods were shipped from the colonies to England, where they were swapped for a cargo of manufactured goods. The British government considered dropping prices and stringent policies as necessary factors in the growth of England. In New England especially, many colonists evaded the limitations of the Navigation Acts through smuggling. The colonists complained about the restrictions on trade. The triangular trade routes linked the American Colonies, West Indies, Africa, and England.


Economic Motivations For The American Revolution
A more important disagreement with mercantilism concerned the effect of New York: Oxford University Press, 1965 Harmondsworth, England: Penguin Books, Ltd., 1978 (2622 10 )

Ecological History
of New England and South Atlantic colonies, respectively, in into the pre-Industrial Revolution mercantilism phase of at least) of the New England and South (774 3 )

toward its colonies had been governed by mercantilism, which Ver and policy --the semi-independence of the corporate colonies of New England from England (2346 9 )

Historical Context of Adam Smith's Wealth of Nations Two documents
New lands and new opportunities for commerce had been economy by a central government, mercantilism came about in the fifteenth century in England and Western (3789 15 )

Transatlantic Slave Trade
to be found in the New World were in societies such as preindustrial England, where "freemen century, with the prevailing economic doctrine of mercantilism. (1248 5 )

Declaration of Independence
was a free and independent nation, accusing England of acts The Federalists were primarily interested in mercantilism, banking, and the New York, NY: WW Norton (1087 4 )