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Jenny Wahl Carleton College Economics Department

Mercantilism and the American Revolution “For cutting off our trade with all parts of the world . . . For imposing taxes on us without our consent . . .”. Jenny Wahl Carleton College Economics Department. William Blake: Europe Supported by Africa and America (1796).

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Jenny Wahl Carleton College Economics Department

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  1. Mercantilism and the American Revolution“For cutting off our trade with all parts of the world . . .For imposing taxes on us without our consent . . .” Jenny Wahl Carleton College Economics Department

  2. William Blake: Europe Supported by Africa and America (1796)

  3. Requirements of Mercantilism • Sufficient wealth in colonies • Trade imbalance → Specie flow from colony to home country • Regulation

  4. Treaty of Tordesillas (1494)

  5. European Territorial Claims in North America c. 1700

  6. Non-Indigenous Colonial Population, 1610-1780

  7. Population of 5 Major Cities, 1690-1790

  8. Percent Immigrants in White Population, 1640-1770

  9. Percent Black in Population, 1650-1780

  10. U.K. 80% 56% Colonies S. Europe 2% 18% 0.1% 26% 1% 18% Africa W. Indies Colonial Trade Flows

  11. Top 10 Commodity Exports from the 13 Colonies (average annual values, ₤000s, 1768-1772)

  12. Estimated Wealth per Free Person by Region, 1774 ($ 2010)

  13. Distribution of Wealth by Region, 1774

  14. GDP per free person: 1650, 1720, 1774 ($ 2010)

  15. Origin of “$”?

  16. Colonial Exports to and Imports from Great Britain, 1697-1775

  17. Three Phases of British Legislation • 1764-66 • Sugar Act • Currency Restraining Act • Stamp Act • Quartering Act • Declaratory Act • 1767-70 • Townshend Acts  Boston Massacre • 1773-4 • Tea Act  Boston Tea Party • Intolerable Acts • Quebec Act

  18. Imports of Tea from England, 1761-1775

  19. Imperial Taxes Collected, 1765-1774

  20. Patrick Henry: “The Parson’s Cause”

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