Mercantilism in the American Colonies

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Presentation transcript:

Mercantilism in the American Colonies

Principal vs. Practice The colonists were often upset with actions that the king took based on principle In practice the king intervened very little in their affairs

Mercantilism Definition: The economic theory that trade generates wealth and is stimulated by the accumulation of profitable balances which a government should encourage by means of protectionism

The British government saw the colonies as an economic resource The crown had the right to veto any law made in the colonies that would interfere with the British Economy The veto would only be used 469 times out of 8,563 laws passed in the colonies

The Mercantilism system gave the colonies protection and support but kept them in a position subordinate to the mother country

Taxes The English crown was in debt following the French and Indian war They looked to the colonies to pay for their share of their defense.

Strict enforcement of Navigation acts (1763) Sugar Act (1764) Quartering Act (1765) Stamp Act (1765)

Resistance The colonists resisted the taxes vigorously, both by lowering the amount of goods purchased and sometimes using violence and intimidation “No taxation without representation!”

Virtual Representation Parliament would say that they virtually represented the colonies because they wanted what was best for them

English Parliament would repeal the Stamp Act in 1766 but would also pass the Declaratory act which declared Parliament’s right to tax the colonies

Synthesis How did the practice of Mercantilism impact the relationship between the colonies and England?

Classwork Write a letter to Parliament protesting the stamp act. Use evidence from your notes to support your argument.

If you finish early Trade papers with someone, read what they wrote and give them feedback What did they do well? Is there anything that you did not understand?