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Mercantilism Acquire gold and silver and keep it in your country.

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Presentation on theme: "Mercantilism Acquire gold and silver and keep it in your country."— Presentation transcript:

1 Mercantilism Acquire gold and silver and keep it in your country

2 Sell more goods than you buy….
Don’t pay much (if anything) for raw materials b/c of colonies… Sell your manufactured goods to people in colonies… FAVORABLE BALANCE OF TRADE!!!

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5 English Civil War ( ) Navigation Acts (not really enforced) Dominion of New England (not really enforced) Glorious Revolution (gave the people the English Bill of Rights)

6 Salutary Neglect Colonists’ best interests suited GBR best interests
Colonists voluntarily honored the King ***Colonists became accustomed to self-rule

7 Diverse Economies South – Agriculture
Middle Colonies – some agriculture, some commerce, some shipping New England – small farms heavily dependent on shipping

8 Road to Revolution… The French and Indian War (1754-1763)
Fought over disputed lands claims around Appalachian Mountains and Ohio River Valley British: Expanded West Built towns Cleared forests Planted crops French: Built forts to protect trade with Indians

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10 George Washington leads British in defeat at Fort Necessity…his defeat leads to all out war – In Europe, they called it the Seven Years War

11 Albany Plan of Union Permanently unite colonies in times of war
Each colony sent a delegate to an assembly It was rejected….none of the other colonies wanted to submit to a central authority. BUT – it did provide for a later model of government!

12 Treaty Of Paris (1763) GBR gets Canada
France gives up all land claims East of the Mississippi River

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14 Pontiac’s Rebellion Either side winning outright was bad news for Indians – they knew their lands were at stake Pontiac unites numerous tribes and fights British Ultimately, it’s put down, but British see it as more cost efficient to respect them

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16 GBR in debt… Sugar and Quartering Act (1764):
- cut tax on molasses in half, BUT – anyone caught smuggling went to royal court - Colonists had to house and feed any royal troops in North America Stamp Act (1765) : - Colonists had to buy special “stamped” paper for all legal documents, licenses, wills, newspapers, pamphlets, and almanacs. Special “Stamp Duties” were placed on playing cards and dice

17 As a result… Boycotts began – Sam Adams led the Sons of Liberty, who wreaked havoc on tax collectors *It was repealed in 1766, but Declaratory Act was passed – Parliament has the right to rule the colonies any way it sees fit Townshend Acts (1767) – tax on lead, paint, glass, paper, and the most popular English good…TEA!!! ***B/c taxes were collected at port, Boston shippers were upset most More boycotts and protests (Daughters of Liberty appear for “spinning bees”)

18 March 5, 1770 Boston Massacre

19 1772: Commitees of Correspondence – formed to communicate between the colonies the wrongdoings of GBR 1773: Tea Act – East India Tea Co. could sell surplus tea TAX FREE (smuggled tea was more expensive now)

20 December, 1773: Boston Tea Party

21 1774: Intolerable Acts (Coercive Acts)
Stripped MA of any self rule Boston harbor shut down until price of destroyed tea was repaid


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