1 / 9

Mercantilism

Mercantilism. The Economy of the Colonies. Objectives. Today we will be able to identify the main components of the global economic system of the 17 th and 18 th centuries to get a better understanding into the relationship between England and its North American colonies. Mercantilism.

henriette
Download Presentation

Mercantilism

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Mercantilism The Economy of the Colonies

  2. Objectives • Today we will be able to identify the main components of the global economic system of the 17th and 18th centuries to get a better understanding into the relationship between England and its North American colonies.

  3. Mercantilism • The colonies existed to benefit the parent country of England. • The colonies supplied the parent country with materials it did not have. • The colonies also acted as a market for the finished goods made in the parent country.

  4. English Mercantilism

  5. Quick Write • In complete sentences, answer the prompt, “Under mercantilism, what was the relationship between a home country and its colonies?”

  6. The Navigation Acts • Did all of the colonies follow the rules? • To ensure that the colonies continued to only trade with its parent country, England instituted the Navigation Acts. • They were a series of laws that attempted to restrict the use of foreign ships for trade between Britain and its colonies.

  7. What the Navigation Acts Entailed • No country could trade with the colonies unless the goods were shipped in either colonial or English ships. • All vessels had to be manned by crews that were at least three-quarters English or colonial. • The colonies could only export goods to England. • Almost all goods traded between the colonies and Europe had to be unloaded at an English port.

  8. The Agricultural South • The Southern Colonies had fertile soil and a climate well suited for a farming society. • The South consisted of large plantations which were nearly self-sufficient. • They relied on slave labor • Women and slaves had virtually no rights.

  9. The Commercial North • From 1650-1750 the colonial economy grew twice as fast as Britain’s. • Most of that growth occurred in New England and the Middle Colonies. • The North’s economy was diversified as compared to the South • Wheat, fish, lumber, ships.

More Related