Mercantilism

Social Studies Andrea Boyde-Langston
Chapter Two       September 14, 2007

Mercantilism
An economic philosophy advocating that countries should simultaneously encourage exports and discourage imports.

1776 (mercantilism) Adam Smith

1621 all Virginia tobacco was to be brought to England

1642 Members raised an army

1649 Chopped off Charles I head

England went 11 years w.o a king
in his place- Oliver cromwell (1649-1658)

Archbishop Laud
told to govern colonies by Charles I 1633

1640's English Civil War

Oliver Cromwell tried to persuade pl to move to the West Indies for sugar & tropical goods
Led to war with Dutch
1655 Only captured Jamaica

Navigation Acts (ensurance the mother country would benefit)

1.) Forbade all trade with colonies except in ships owned and constructed there or in England
2.) Forbade the transportation from the colonies to any place except England or another English colony ( sugar, cotton, indigo, dyewoods, ginger, and tobacco)
3.) Forbade the transportation of European and Asiatic goods to the colonies from any place except England

Act of 1705
placed bounties on their production and exportation to England

Wool Act 1699
forbad export from the colonies of certain textiles manufactured

Hat Act 1732
forbad export of colonial made hats

Iron Acts 1750
forbade the creation of anymore colonial iron mills

The Dutch

built the largest merchant fleet known
- controlled lumber trade from the Baltic
- fisherman dominated
Found New Netherlands

surrendered colony

Restoration of Colonies
Proprietors- large amount were friends of the king
hoped to grow rich from the sale of their lands and annual fees that they charged settlers

New colonies resembled Maryland
few came form England

Dutch and Swedes - new netherlands
more came from Scotland germany ireland and france

New York
Kiliaen Rensselaer
patroonships

Dutch West India Company( governed... [continues]

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