Essay about British Mercantilism

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Economic ideas and systems come and go. Many systems have failed and many have succeeded. The British system of mercantilism was actually quite a good system for England. They raked in profits from their colonies. The only problem was that they did not give enough economic freedom to their colonies. At almost every turn, the British tried to restrict what their colonies could do and whom they could trade with. In hindsight, I believe that the British may have been a bit more lenient on their restrictions because the constant prohibitions eventually lead to revolution… England did not directly control its colonies. Instead, they let joint-stock companies control and provide funds and foodstuffs for the colonies. Modern day corporations…show more content…
The law was directed against the Dutch maritime trade, which was very great at that time. But it was nowhere strictly enforced, and in New England scarcely at all. In 1660 the second of these laws was passed, greatly resembling first and adding much to it. This act forbade the importing into or the exporting from the British colonies of any goods except in English or colonial ships and it forbade certain enumerated articles--tobacco, sugar, cotton, wool, dyeing woods, et cetera--to he shipped to any country, except to England or some English plantations. However, this was also not as strictly enforced. If it would have been, however, the colonies that produced the “enumerated” products would have certainly went belly up. The third act, The Navigation Act of 1663, enforced the laws of trade even more. The colonists had not been so closely governed since they had settled in the New World and were not used to the idea. Many people became even more disgusted with the passing of this new act. This act had even more restrictions. Now products that were coming from Europe had to stop in Great Britain and then transferred to English ships. Then finally the ships would bring the goods to the colonies. Through all these exchanges, the prices of the European goods

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