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

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

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.

Colonial Mercantilism

The British Colonial System in the 18th Century

Navigation Acts 1.No country could trade with the colonies unless the goods were shipped in either colonial or English ships 2.All vessels had to be manned.

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.

CHAPTER 3 SEC 1 England & Its Colonies Mr. Clifford US 1.

Definition: When a country like Britain (England) used its colonies to form a favorable balance of trade by exporting more than it imported.

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

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

Topic: How did economic factors contribute to Colonial Discontent in the Pre-Revolutionary Era ( )?

Commercial Revolution

 The Commercial Revolution In this lesson, students will be able to define the following terms: The Commercial Revolution Mercantilism Colonies Mother.

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

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.

Colonial Economies.

The Original 13 Colonies.

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.

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

AP United States History Chapter 7 The Road to Revolution Pgs

THE ROAD TO REVOLUTION THE ROAD TO REVOLUTION Chapter 7.

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.

Introduction to the American Revolution King George III General George Washington VS.

Do now. If a law is only sporadically enforced, should it remain a law

Colonial Government & Economy. What is Mercantilism? Mercantilism: is an economic policy by the government which held that a nation’s power was directly.

3.1 England and its Colonies -Mercantilism Lesson Objective: Learn about Mercantilism, the Navigation Acts and the Glorious Revolution Essential Question:

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

Ticket In: What ONE word comes to mind when you hear… AMERICAN REVOLUTION?

The Colonies Come of Age Obj: Analyze the economic relationship between England and the American colonies during the late-16 th and 17 th centuries.

Road Leading to Revolution Chapter 7. Mercantilism A countries economic wealth could be measured by the amount of gold & silver in its treasury You have.

The Road to Revolution. After victory is the Seven Years War and the expansion of the British domain in North America, how many more troops were needed.

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

How did mercantilism impact the American colonies?

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

Long Term Causes of the American Revolution 1- Mercantilism WHAT- THE ECONOMIC IDEA THAT A COUNTRY’S ULTIMATE GOAL WAS SELF-SUFFICIENCY & THAT ALL COUNTRIES.

Why do Countries want Colonies?

SWBAT: EVALUATE CONFLICTS AND PREDICT WHAT IS DEVELOPING IN THE COLONIES Imperial Systems.

© Mark Batik Jesuit College Prep

Assess the validity of this statement

The Colonies Grow Life in the COlonies.

British Mercantile Policies in the American Colonies

3.1: England and Its Colonies

US History Unit 1: Colonization

What was government like in the British North American 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.

8-1.5 Explain how South Carolina used their natural, human, and political resource uniquely to gain economic prosperity, including settlement by trade.

Why did molasses matter?

Colonial Government: English Economic Principles

Mercantilism and Triangular Trade

Topic: How did economic factors contribute to Colonial Discontent in the Pre-Revolutionary Era ( )?

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

Mercantilism - 17th and 18th centuries, England and many other European countries believed that power depended upon monetary wealth.

Aim: How did the 13 American colonies benefit the British empire and vice versa? Do Now: Complete “Triangular Trade Do Now activity.”

This document shows MERCANTILISM

Mr. Sandford AP American History

This document shows MERCANTILISM

Colonial Mercantilism

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

What was government like in the British North American colonies?

Favorable balance of trade for England

Road to Revolution.

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

Navigation acts.

Presentation transcript:

THE BRITISH MERCANTILE SYSTEM

MERCANTILISM = 16 th – 18 th century political/economic philosophy Wealth = Power Wealth is measured in gold and silver So…need to export more than import, known as “favorable balance of trade”

Role of American Colonies in British Mercantile System: 1. Provide raw materials, esp. for shipbuilding 2. MARKETS - purchase finished goods 3. Grow products that would otherwise have to be purchased from other nations: e.g., tobacco, sugar, rice …

The most infamous of the laws to enforce mercantilism were the:

NAVIGATION ACTS, 1650s – originally aimed at what rival? Laws restricting colonial trade & manufacturing: All commerce to & from colonies must be in British vessels European goods destined to America must stop in British ports first Certain enumerated goods can only be sent from the colonies through England … not directly to European markets (tobacco, rice, indigo) Certain goods (e.g., woolen cloth and beaver hats) forbidden from manufacture in colonies – why?

Benefits of Mercantilism: SALUTARY NEGLECT! BR laws only loosely enforced Smuggling abounds! John Hancock is King of Smugglers (sugar) Price supports for makers of naval goods Ready markets for specific products VA tobacco has monopoly on BR market Tobacco growing in England/Ireland prohibited Protection by British Navy without much taxation Trickle Down Prosperity Avg. American was better off than avg. Englishman

The Downside of Mercantilism: England begins enforcing policies more vigorously after 1763 Stifles economic initiative Americans not at liberty to buy, sell, ship or manufacture under conditions most profitable to them Perpetual indebtedness to mother country VA forced to sell in BR & thus at mercy of BR buyers, who drive price down Perpetual debt cycle; planters mortgage future crops to pay for English goods Resentment at being used for the benefit of the empire “Revolution broke out because England failed to recognize an emerging nation when it saw one.” Theodore Roosevelt

CURRENCY CRISIS: Colonies buy more than they sell to England Drains hard currency from the Colonies Not enough cash left to make everyday transactions in the colonies Solutions: barter system & calls for paper $ Paper money schemes restrained by Parliament

ROYAL POWER: THE PRIVY COUNCIL: King’s advisors: Can veto legislative acts that conflict with BR regulations or policy goals Royal veto used sparingly (469 times in connection with 8,563 laws) but is still seen as symbol of BR authority Franklin before the Privy Council in 1774 in London.