Colonial Economy

Triangular Trade

Number of Africans Arriving Percentage of Africans Shipped African Slaves Imported to the Americas, 1520-1810 Destination Number of Africans Arriving Percentage of Africans Shipped South America Brazil 3,650,000 Dutch America 500,000 West Indies British 1,660,000 French Central America (Spanish) 1,500,000 North America (British) Europe 175,000 Total 9.645.000 100%

SELL MORE (finished goods), BUY LESS (raw goods) Mercantilism Nation should get and keep as much gold and silver as possible (money=power) English wanted to export more manufactured goods than raw materials they imported from colonies Parent countries, like Great Britain, build empires with colonies to compete in the system of mercantilism, where you measure your country’s worth in gold and silver. To do this, the parent country makes money from the colony by buying its raw materials for very cheap, then selling them the finished products for very expensive. SELL MORE (finished goods), BUY LESS (raw goods)

Navigation Acts -The colonists were successful traders, but not all colonial goods ended up in British markets British want full control -The British do not want colonists trading with other nations, because it makes them lose profit -Parliament tightens control over colonial trade by passing the Navigation Acts, strengthened by King Charles II in 1660 Could only trade with England using English ships Could not build factories -Kept money going only to England