British mercantilism established itself with the help of the trans-Atlantic trade. Great Britain was then able to have adequate supremacy over the colonies to impose several acts such as the Navigation Acts and Molasses Act. Trade routes linked the American Colonies‚ West Indies‚ Africa and England. England‚ being the mother country‚ wanted a favorable balance of trade. The triangular trade is an example of mercantilism‚ or the idea that the mother country gains wealth and power by controlling
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Analyze the role of slavery and Triangular trade in the Colonial mercantile structure and for the primitive accumulation of Capital that allowed the take off of Capitalism? The slave trade originated in a shortage of labor in the New World. The first slaves used were Native American people‚ but they were not numerous enough and were being decimated by European cruelty and diseases. It was also impossible to convince enough Europeans to migrate to the colonies‚ despite attempts to distribute free
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Chapter 4-2: Triangular Trade in the Colonies Vocabulary Triangular trade: trade between Africa‚ the West Indies‚ and New England Enforce: to make sure something is done according to a law Unite: to join together as a single unit Rebellion: a group fighting another group that is in power Notes New England‚ Africa‚ and the West Indians formed a trade triangle. It was outside of British control. It made more money for the colonials. The increasing colonial businesses and trade gave more jobs
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Mercantilist Relationship between the American Colonies and the British Government Randi Roselle BE/HS 310-03 Professor W.M. Gorman February 13‚ 2012 Mercantilism is an economic policy and theory where the government has complete control of trade‚ both foreign and inside boundaries. This policy was dominant during the 16th‚ 17th‚ and late 18th centuries‚ it demanded a positive balance of trade between the countries it was involved with. There were many policies that were within the theory based
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Mercantilism was more favorable to the colonies than it was to Great Britain because‚ Americans reaped direct benefits from the mercantile system‚ the average American was better off economically‚ and mercantilism had sufficient merit to be long perpetuated. Mercantilism was a huge success and a major factor in the development of the colonies. Mercantilism helped jump-start the formation of what we now call America. The American colonists reaped direct benefits from the mercantile system. Liberal
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Mercantilism: Colonies provide primary material and mother countries transform them. France imports more than it exports‚ so it makes a lot of profit. Goal: Expand colonies and enrich the mother country. The army is there to prevent other countries to trade with some mother countries’ colony. - In the 18th century‚ it doesn’t work anymore because of contraband. - Because of that Spain will try to fix its economy. Colonies enrich mother countries through: - Trade - Commerce - Great-Britain
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slave trade has been an important part of history for a very long time. In the years of the British thirteen colonies in North America‚ slaves and slave trade was a very important part of its development. It even carried on to almost 200 years of the United States history. The slave trade of the thirteen colonies was an important part of the colonies as well as Europe and Africa. In order to supply the thirteen colonies efficiently through trade‚ Europe developed the method of triangular trade
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How did economic‚ geographic‚ and social factors encourage the growth of slavery as an important part of the economy of the southern colonies between 1607 and 1775? (2001) • Economic: o Slavery is cheaper than indentured servitude. o Slave Trade. o Tight packing vs. loose packing. o Large Plantations. • Geographic: o The rise of tobacco o Labor intensive crops o Rice and indigo crops • Social: Dehuminization o Thought they were ‘saving’ the slaves (education‚ religion‚ etc)
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England was governed by strict laws and regulations created by the King‚ who didn’t allow the citizens much freedom. The Englishmen weren’t allowed to practice religious freedom without being prosecuted nor were they able to give input into their government. They also grew tired of the warfare in England and wanted to seek a new start and thought that America was the perfect suit for them. The King initially rejected the voyage‚ but eventually expected the idea of mercantilism and saw the potential
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Mercantilism is an economic theory where a nation’s strength comes from building up gold supplies and expanding its trade. Britain formed the American colonies so that they could increase their gold stores. They wanted raw supplies to make into products to sell and make money. They wanted America to pay taxes so that Britain could make money. America used the theory in that they thought they ought to‚ in order to be strong expand their trade beyond Britain. Countries like Belgium‚ and France wanted
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