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MERCANTILISM & THE TRIANGULAR TRADE. TRADE ROUTES. Mercantilism. Mercantilism : An economic relationship between a country (ex. England ) and its colonies. Goal Sell more ( export ) than what you buy ( import ). WHAT IS MERCANTILISM?.
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Mercantilism • Mercantilism: An economic relationship between a country (ex. England) and its colonies. • Goal • Sell more (export) than what you buy (import)
WHAT IS MERCANTILISM? • An economic relationship between the mother country (England) and its colonies. The colonies produce cheap raw materials and ship them to the mother country. The mother country uses the raw materials to make manufactured goods. The colonies are expected to buy the manufactured goods.
Mercantilism • Countries created colonies (settlement of people) • Colonies worked for the country Expensive manufactured goods Cheap raw (natural) materials Colony Country
Raw materials Manufactured goods Examples of Mercantilism
Mercantilism Manufactured Goods Raw materials
Which of the following is an example of a raw material? • Cigarettes • Clothing • Shoes • Cotton
Which of the following is an example of a manufactured good? • Furniture • Tobacco • Rice • Fish
Navigation Laws (1660) • Trade laws passed by England to control trade with the colonies • 1. Required the 13 colonies to trade mainly with England • 2. Required the use of ships made in England or the colonies • 3. Forbade colonial manufactures that competed with England’s • 4. Required tax stops in England when trading with other nations
Enforcing the Navigation Laws • England failed to enforce the navigation laws for about 100 years • The laws were not enforced until 1763 • The colonies had been “neglected” (salutary neglect); they were left alone and they developed the Triangular Trade
Triangular Trade Sugar Guns, and iron tools Middle Passage
The Triangular Trade North America 13 Colonies Rum, guns, and tools Africa Sugar and molasses West Indies Slaves (Middle Passage) Done to make profit
WHAT WAS THE MIDDLE PASSAGE? • IT WAS THE TERM GIVEN TO THE TRADE ROUTE FROM WEST AFRICA TO THE AMERICAS • IT DESCRIBES THE EXPERIENCES OF THE SLAVES ABOARD THE SLAVES SHIPS
HOW WERE SLAVES TREATED? • SLAVES WERE PACKED IN THE SHIPS LIKE SARDINES • THEIR HANDS AND FEET WERE TIED
HOW WERE SLAVES BOUGHT? • SLAVES WERE BOUGHT IN AUCTIONS TO THE HIGHEST BIDDER
Which of the following statements is true regarding the Triangular Trade? • Colonies send slaves to Africa • West Indies sends rum to Africa • Colonies send rum to Africa for slaves • Africa sends rum to the West Indies