Warm-up# 1 Why was Britain interested in establishing colonies?

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Presentation transcript:

Warm-up# 1 Why was Britain interested in establishing colonies? According to mercantilism, how is a nation’s wealth determined?

Warm-up #1 Name the 3 colonial regions. How many original colonies were there?

American Colonization

What's in it for the king? Money and cheaper resources

Mercantilism Mercantilism is the economic policy that measures a nation’s wealth based on its supply of gold and silver. According to mercantilism, best way to increase profits is to decrease imports and increase exports. Import: to receive goods Export: to send goods Colonies, therefore, provide a cheap source of raw materials to the mother country. Now, the mother country can sell goods within their country.

Colonial Trade 3 routes Up and down the Atlantic coast From the colonies to England across the Atlantic Ocean Triangular Trade: linked the colonies to the Caribbean and Africa

Navigation Acts Navigation Acts passed by Parliament to regulate colonial trade certain raw materials could only be sent to England In England, jobs were created for workers to turn the raw materials into finished goods. Colonists believed the acts favored the manufacturers not the colonists. Also, they couldn’t make more $$ because they couldn’t sell to other nations.