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Causes of The American Revolution Part 1. In this lesson, students will be able to define the following terms:. Mercantilism Colonies Mother Country. The Commercial Revolution marked an important step in Europe from local economies to a global economy. Mercantilism.
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In this lesson, students will be able to define the following terms: • Mercantilism • Colonies • Mother Country
The Commercial Revolution marked an important step in Europe from local economies to a global economy.
Mercantilism • Mercantilism was the belief that a nation’s power depended on the ownership of gold and silver. • In order to acquire gold and silver, European countries established overseas colonies. • Colonies provided gold and silver.
Mother Countries and Colonies • Mother countries were conquerors. • The conquered land was a colony. • Mother countries also imported natural resources or raw materials and exported finished goods.
Rice Indigo Naval Stores Lumber Rum Imports
British Government • Offered subsidies to encourage new products • Rice & Indigo were on the “enumerated” list (could only be sold to England) • List not enforced on SC Rice (advantage for SC) • Military was used to control and protect trade
“Triangular” trade made some continents wealthy while it impoverished other continents.
Who Became Rich & Powerful? • Kings & Queens • Risky Businessmen • Planters Lost out? • Slaves • Natives
Questions for Reflection: • Define mercantilism. • How did European nations increase their wealth and power? • What was “Triangular” trade? • What was the relationship between a mother country and a colony?
Assignment • Draw a diagram, on your paper, showing how mercantilism worked. • Then, write a paragraph describing mercantilism and how it created wealth for nations.