Mercantilism Definition of Mercantilism Mercantilism is an economic theory stating that colonies exist to benefit the parent country.

Slides:

Advertisements

Similar presentations

First you get the money, Then you get the power

Advertisements

Triangular Trading This map will show the shipping routes and trading good from each nation. Thirteen Colonies England & Europe Africa West Indies Show.

Mercantilism & The Triangular Trade. Mercantilism A nation’s economic strength came from protecting and increasing its home economy by making and keeping.

Triangular Trade and the Navigation Acts Pg

Notes: Mercantilism & Colonial America

Mercantilism and Triangular Trade. Overview Mercantilism is an economic system practiced by European countries from around 1600 through the 1700’s. It.

Mercantilism. What the economy of the British colonies was based on Parliament passed laws controlling the trade of the colonies in order to benefit the.

Colonial Trade Mercantilism *Theory that a country can get rich from trading with its colonies. *Ex. England controls who and what the 13 colonies trade.

Colonial Mercantilism A step towards the American Revolution.

Money is Power, and Power is Everything

Mercantilism & The Triangular Trade. Mercantilism A nation’s economic strength came from protecting and increasing its home economy by making and keeping.

■Essential Question: –What was government like in the British North American colonies? –How did the trans-Atlantic trade influence the development of the.

Colonial Economies.

Complete Vocab and Journal before notes on Mercantilism.

■Essential Question: –What was government like in the British North American colonies? –How did the trans-Atlantic trade influence the development of the.

exchange of people, plants, animals, technology and ideas that would change the lives of people in Europe, the Americas and Africa.

Economic system based on the belief that the country with the most gold and silver is the most powerful nation Mercantilism.

Governing the Colonies. England Regulates Trade Like other European nations at the time, England believed that colonies existed for the benefit of the.

An economic system based on colonial trade

C: Silent H: Raise your hand A: Complete Ch 4.4 Power Notes M: None

Mercantilism & The Triangular Trade. Mercantilism Mercantilism- The process in which raw materials would be bought cheaply, refined and sold back to the.

Bell Ringer Identify the Thirteen Original American Colonies and place them on the outline map.

Government, Religion and Culture

4.1 and 4.2 Notes The Growth of Trade. Growth of Trade  Navigation Acts o England’s main interest in the colonies: Economic Benefit  England depended.

Triangular Trade and the Navigation Acts. Triangular Trade Settlers in Colonial America engaged in 3 types of trade –Trade with other colonies –Direct.

Reasons England Established Colonies in America. What do these images have in common?

Mercantilism was an economic system in which European nations such as England created colonies around the world to benefit their own economies through.

 Economy of New France. definitions  Triangular Trade – economic system where a colony can only trade with the parent country or with other colonies.

What are two basic human problems? £ Scarcity  Resources are limited in quantity; finite £ Want  Human desire is essentially limitless £ Economics 

Colonial Growth and Change The English Colonies Grow France was eliminated as a major colonial power. Spain is weakened as well, but maintained control.

7 th Chapter 16-3 Cornell Notes “Origins of Capitalism”

Why do Countries want Colonies?

Mercantilism and Triangular Trade

Period Two: Briefly describe how The Enlightenment and The Great Awakening affected the world view of British colonial America and its relationship.

What was government like in the British North American colonies?

Trade in the 13 Colonies.

Economy of new France Chapter 2.

Colonial Economy.

Compare and Contrast Jamestown and Plymouth

New England Colonies- the people Puritan congregations moved over to create a religious society ENGLISH NO RELIGIOUS FREEDOM.

Colonial Government: English Economic Principles

Mercantilism and Triangular Trade

Triangular Trade and the Navigation Acts

Commerce in the Colonies

Today, we will Analyze the main idea of mercantilism using a map, a chart, and a 4 square graphic organizer.

What was government like in the British North American colonies?

The North American Colonies

CHAPTER 3: Mercantilism Slavery and the Middle Passage

Triangular Trade and Self-Government

Warm-Up Do NOT use your Book! From memory ONLY!

This document shows MERCANTILISM

Colonial American and the Slave Trade

Triangular Trade Trade means to exchange or swap things. It could be raw materials or manufactured good or even people.

Government, Religion and Culture

This document shows MERCANTILISM

My name is King George III & I’m bloody filthy rich!

Transatlantic SLAVE TRADE

Colonial Mercantilism

Let’s Review A few weeks ago we introduced the economic and political philosophy of mercantilism Moving forward talking about the Navigation Acts as well.

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

What was government like in the British North American colonies?

Government, Religion and Culture

MERCANTILISM & THE TRIANGULAR TRADE

Aim: 11/ 21/ 2016 How did the system of Mercantilism serve the interests of the Mother Country? Q New Unit: American Revolution.

Navigation acts.

Economy of new France Chapter 2.

Aim: How did climate and natural resources affect colonial economy?

Presentation transcript:

Mercantilism

Definition of Mercantilism Mercantilism is an economic theory stating that colonies exist to benefit the parent country

How does mercantilism work? In the system of mercantilism, the colony provides raw materials (like fur, lumber, mineral ores) to the parent country The parent country manufactures goods from those raw materials and sells the manufactured goods to the colony.

A. Colonies provide RAW MATERIALS (like LUMBER, FURS, ORES) that the parent country use to produce MANUFACTURED GOODS (like FURNITURE & TOOLS) B. The parent country sells the MANUFACTURED GOODS back to the colonists. (The colonies provide a market for the goods.)

Mercantilism is exclusive. The colony must trade only with the parent country. If the colony can get goods only from another country, the goods must be shipped to the parent country and then sent to the colony.

C.Colonies are not supposed to develop any industry/manufacturing because they are supposed to get those products from the PARENT country. However, due to the distance between England and her colonies, colonies soon begin industries. D.SHIPBUILDING becomes an important NEW ENGLAND industry, because colonial trade can be conducted on colonial-built SHIPS

E.The parent country gets rich! It has a monopoly on trade, so English colonies can only trade with England. Any trade with another country is illegal - SMUGGLING F.For about 100 years, the English colonists do what they want (manufacturing, trading with other countries) because England is too far away to police the situation. G.The NAVIGATION LAWS were a series of laws regulating trade between England and her colonies.

The government is involved. Under the system of mercantilism, the government regulates the economy for the good of the empire. The good of the individual is not considered.

TRIANGULAR TRADE ROUTES TRIANGULAR TRADE ROUTES - trade routes moving raw materials and manufactured goods between Europe, Africa and the colonies.

MIDDLE PASSAGE - the most INHUMANE leg of the triangular trade routes in which African SLAVES were brought to the New World