Mercantilism was huge in the New England colonies. The major trade nations used mercantilism to gain national wealth and power by vastly increasing their exports and receiving precious metals in return. Also, New England had Navigation Acts which limited the colonies control over their economy. These acts were set into place in order to regulate colonial commerce more strictly. In 1660, the first Navigation Act closed the colonies to all trade except for goods carried on English ships. These acts formed the basis of England’s mercantile system in
Mercantilism was huge in the New England colonies. The major trade nations used mercantilism to gain national wealth and power by vastly increasing their exports and receiving precious metals in return. Also, New England had Navigation Acts which limited the colonies control over their economy. These acts were set into place in order to regulate colonial commerce more strictly. In 1660, the first Navigation Act closed the colonies to all trade except for goods carried on English ships. These acts formed the basis of England’s mercantile system in