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

Slides:

Advertisements

Similar presentations

Unit 1 Notes 2. Most powerful nations worked to gather as much wealth as possible The belief was that money = power Since England did not have access.

Advertisements

First you get the money, Then you get the power

Colonial Mercantilism

Mercantilism: is an economic policy…Wealth is power, key to wealth is export more than import European countries competed for world power and needed colonies.

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

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

Mercantilism The European World. What is Mercantilism? / the theory that a country’s power depended mainly on its wealth to build strong navies and purchase.

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.

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

Colonial Mercantilism A step towards the American Revolution.

European Competition A. Mercantilism –1. Dominant economic theory –2. Country’s strength = amount of gold & silver.

Economic Issues of the Colonies ’s England paid little attention to colonists “Salutary Neglect” - let the colonies develop without over regulation.

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

The relationship between Britain and her colonies in North America.

Baltimore Polytechnic Institute September 13, 2012 A.P. U.S. History Mr. Green.

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

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

Mercantilism New Economic Policy Intense Competition

Mercantilism & The Triangular Trade. Updated seats for some! Please check, and get to your assigned seat. How did the French and English differ in terms.

THE BRITISH MERCANTILE SYSTEM. MERCANTILISM = 16 th – 18 th century political/economic philosophy Wealth = Power Wealth is measured in gold and silver.

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 Mr. Sandford AP American History. Certain materials are included under the fair use exemption of the U.S. Copyright Law and have been prepared.

The Economics of the Colonies: Mercantilism and Slavery Colonial America.

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

Journal: What was the triangle trade route? List items being traded Lastly define the middle passage? Quick 2-3 minutes: go………………

Definition: A pattern of shipping or trade in the shape of a triangle between England, the Colonies, and Africa for trading raw materials, manufactured.

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

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.

Roots of Self-Government Chapter 4 Section 4. England Regulates Trade The idea that a colony should benefit its home country is an economic theory called.

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

Mercantilism: is an economic policy. Wealth is power; key to wealth is export over import European countries competed for world power and needed colonies.

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

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.

Day 13: Mercantilism Baltimore Polytechnic Institute

3.1: England and Its Colonies

What was government like in the British North American colonies?

Trade in the 13 Colonies.

AP Curriculum Guide I. Britain’s desire to maintain a viable North American empire in the face of growing internal challenges and external competition.

AP Curriculum Guide I. Britain’s desire to maintain a viable North American empire in the face of growing internal challenges and external competition.

Colonial Economy.

Why did molasses matter?

How is Jamestown important to American History?

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?

English Trade Laws Colonial Trade The Middle Passage (Slave Trade)

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

This document shows MERCANTILISM

Colonial American and the Slave Trade

Test Question for Tomorrow

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

This document shows MERCANTILISM

Colonial Mercantilism

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

Favorable balance of trade for England

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

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

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.

2.7 Colonial Trade & Government

Navigation acts.

Presentation transcript:

Mercantilism & The Triangular Trade

Mercantilism A nation’s economic strength came from protecting and increasing its home economy by making and keeping strict control over its colonies and keeping a favorable balance of trade with them.

Theory guided England and most European nations during the 17th and 18th centuries. More gold coming into a nation than going out made a nation powerful. England saw the American colonies to be an economic resource. England had to export (sell abroad) more goods than it imported (bought from foreign markets). Favorable balance of trade. Colonies were created to be a constant source of raw materials and become profitable markets for the manufactured goods to the country that owned them (the “Mother Country”). Mercantilism

Navigation Acts To control trade from the colonies, England passed a number of laws between known as the Navigation Acts. These trade laws were extremely restrictive (one- sided). Colonists could only conduct business on English or colonial-made ships. To trade with another country all goods had to be sent to England first so that they could be taxed. Tobacco, sugar, timber and cotton could only be traded with England.

Navigation Acts Colonies were not allowed to create their own factories so that England could control trade/business. Trade regulations were not rigidly enforced for decades. Colonies become a safe haven for smugglers and pirates

The Triangular Trade

Triangular Trade: a pattern of colonial trade where slaves were purchased on the African Gold Coast with New England rum then sold in the West Indies for molasses or sugar which was then sent back to New England to manufacture rum.

The Triangular Trade Salutary Neglect: term used to describe how the English neglected to enforce the Navigation Acts. This “neglect” leads the colonies to enjoy a sense of “free trade”. In 1763 England begins to enforce these laws that will cause the colonies to protest harshly. One of the many conflicts with England that will lead to American independence.

Vocabulary and Information Balance of trade – Having fewer imports than exports. Imports – Goods bought from other countries. Exports – Goods sold to other countries. Duties – Taxes on imports Free Enterprise – Economic competition with littler government control.

Vocabulary and Information Through Mercantilism, the colonies sold raw materials such as timber, fur, and tobacco. Through Mercantilism, England would sell manufactured goods such machines, hardware, and furniture.