Mercantilism In The United States

The early 15th century marks a period in global history known as the Age Of Exploration, during which there was a scramble amongst European nations to explore, settle, and control the corners of the world. It was during this period that the British began to colonize the Americas, and, by the early 1700s, just a couple hundred years later, there were an estimated 250,900 people living in the American colonies. As the colonies grew more autonomous and a number of political issues developed in Britain, the British government began neglect their control of the day-to-day function of the colonies, the result of which was that between the years of about 1690 to 1763, the British employed a policy towards the American colonies known as salutary

The purpose of mercantilism was to increase power, wealth and self sufficiency for the mother countries. England, Spain and france would often compete with each other to gain colonies in regions such as North America, South America, Asia, and Africa. Raw materials such as lumber, wool, iron, cotton, tobacco, rice, and indigo were what England needed to be able to create manufactured goods. However, mercantilism in the American colonies were more dependent on the manufactured products of England. The Navigation Acts that were a series of laws were enforced by England so that they could make the American colonies more dependent on the manufactured goods of England.The American colonists were expected to buy manufactured goods like cloth, furniture,knives,

Before 1600, many countries were looking to colonize the New World and one of those countries was obviously Great Britain. In an informative research paper called “The First Colonies North of Mexico”, it states, “Richard Hakluyt, a Protestant minister and geographer, wrote books urging colonization to accomplish five goals: (1) extend Protestantism, (2) expand trade, (3) increase England’s markets, (4) reduce unemployment, and (5) provide bases in order to attack Spanish ships in case of war.”(paragraph four) England’s first attempts of establishing colonies failed for multiple reasons, but

In conclusion, the origins and development of Britain’s North American colonies was sustained by the need to stay in economic power. Bacon’s Rebellion, a high demand for cash crops, and an easy purchase of slaves through trade overall introduced and developed slavery to the Americas all while increasing economic status for England and their

Colonists took benefits from the mercantile system, large sums for ship builders, colonial protection by British army

So first off, let's talk about Mercantilism. What is bad about it you may ask? Well lets see from a coloniest point of view. So the mother country gets rich, as the colonies do not. The colonists must sell basically all of their raw materials to the mother country for whatever price the Mother country decides (a cheap price). They must buy manufactured goods from the Mother country (at a high prices) so do you see what I mean.

Britain was suffering harsh economic transformations that was making it difficult to thrive economically and rising population in Britain made it even worse. Therefore more money was needed to be made. The New World offered many raw materials from which they could manufacture items and sell them to other countries or their people thus starting colonizations in the New World. The more land they gathered, which they acquired forcefully at times, the more raw materials they were able to gather. These colonies became the source of goods that other nations were seeking to buy or trade for. This introduced the idea of Mercantilism to the new colonies and the people of Britain themselves. This process of mercantilism was not only helping the colonies, but the people who stayed behind too. There were new jobs due to the growing and flourishing of these colonies. As according to this website online,https://m.landofthebrave.info/colonial-times.htm, and many textbooks, the three regions of the New Colonies each had their specification in what they did to maintain an economic balance. The New England Colonies

The British had the idea of mercantilism where a the economys wealth was judged by how much gold and silver it had, the colonies supplied the mother land with materials and then the mother country produced products to sell back to the colonies

Due to Europe following the laws of mercantilism, the Americas were taken advantage of. Mercantilism is how the mother country takes in raw materials, and makes manufactured goods, and tries to keep all money with in the mother country. In Document 5 there is a picture of the triangle trade. In this triangle trade manufactured goods are brought to the Americas from Europe, and lumber oil and spices are brought back to Europe. Europe can easily take advantage of the Americas by buying their raw materials for a cheap price, then hire jobs in the mother country, and in the end the manufactured goods are sold at a very high price to the people in the Americas. Mercantilism is an economic procedure that includes keeping jobs, money, and supplies with in the mother country. Europe took advantage of the Americas by using the laws of mercantilism.

Navigation acts: laws that restricted the use of foreign ships for the use of trade trade between Britain and its colonies

mercantilism (22-23). Also, many Virginian planters were plunged into a dept by the falling price of tobacco, and were forced to buy their necessities in England, by mortgaging future crops. Mercantilism also showed favoritism for the southern colonies over the northern colonies,

During 1509-1564, John Calvin established the idea of predestination, which says God is omnipotent and has predestined the lives of people by sending most sinful people to hell and saving other to show his power and grace. Predestination elected people who are known as “godly” because of their true conversion experience. Calvin also believed that a good Christian understands he/she cannot affect the outcome. Puritans demanded purification of the New England church and that salvation can be attained by predestination. During the Great Puritan migration 1630-1640, many Puritans moved onto the North America because James I was against Puritans religious beliefs. In 1620 and 1750, Puritanism and Great Awakening boosted the economy, education, and religion in the colonial North America.

Imperialists suggested that the colonies could be used to the advantage of mother nations due to the fact that they could possibly provide raw resources that are rare or unavailable in Europe’s area of residence. Thus, they started to expand, rapidly making colonies to gain more resources and places of trade, this formed a system called a global economy. Study.com under the video of “The 19th Century World Economy: Major Changes & Their Impact”, defined a global economy as one that integrates trade goods, services, and money. This makes the world more intertwined and the imperialists used this to form their next point that colonies would take in manufactured goods and give off raw resources, benefiting the colony and the mother nation in the

Economics in the seventeenth and eighteenth century were dominated by the idea of mercantilism. Mercantilism depended on the cooperation between colony and mother country in the shipping and production of raw materials. Domestic industry increased employment, expanded commercial activity within the country and decreased France's dependence on foreign trade. The success of a Mercantile system relied on the government, participating merchants, even nobility and the working class, all had effects on the success of the French economy.

Using relevant examples in Kenya’s international trade practices exhaustively discuss the relevance and application of the mercantilist trade doctrine.