Assess the validity of this statement

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Colonial Mercantilism

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Presentation transcript:

Assess the validity of this statement Topic: How did economic factors contribute to Colonial Discontent in the Pre-Revolutionary Era (1763-1775)? Do Now: “The Seven Years War did not contribute to colonial unity and frustration against the mother country. It was Britain’s actions immediately after the war which antagonized the colonists to the point of revolution.” Assess the validity of this statement

Underlying Causes of the Revolution Physical distance No class distinctions in America  colonists different from England Population differences (size, ethnicities, etc) Culture, economics, religion and 7 Years War created a concept of “Americans” Problems with Mercantilism

British Mercantilism Competition to be the richest country in Europe Role of gold Exports must be greater than imports Colonies to be a market for mother country Colonies as source for raw materials

The Navigation Acts (1650) Codified Mercantilism Weakly enforced originally (Salutary Neglect) Restricted trade to English ships only Enumerated products Restrictions on what colonials could manufacture Gold and sliver drained from colonists Printing paper money  depreciated Colonial laws could be voided by Privy Council

Benefits and Drawbacks of Mercantilism for the colonists

Benefits and Drawbacks of Mercantilism for the colonists Salutary Neglect for over 100 years Until 1763, smuggling “permitted” Tobacco planters had a monopoly in Britain Colonial self-government allowed Protection by British Army and Navy Drawbacks Americans couldn’t trade freely under favorable conditions (other nations) At the mercy of British economic cycles Tobacco vulnerable to low prices (Virginians in constant debt) Enforcement after the French and Indian War Increase of colonial resentment

Conclusion 1) What was the goal of the British policy of Mercantilism? How was this goal to be attained? 2) Were the colonists right to be angry about the Navigation Acts? Explain.