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October 30 , 2013

October 30 , 2013. During the colonial era, England created laws like the Navigation Acts. These laws stated that trade with the colonies had to pass through England and had to be transported on English or colonial ships. What could be a positive impact on the colonies?

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October 30 , 2013

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  1. October30, 2013 During the colonial era, England created laws like the Navigation Acts. These laws stated that trade with the colonies had to pass through England and had to be transported on English or colonial ships. What could be a positive impact on the colonies? What could be a negative impact on the colonies?

  2. What was mercantilism? MERCANTILISM Economic theory of how a nation can become wealthy Money Power = Goal: Build up as much wealth as you can!!!

  3. What was step one of mercantilism? How To Make A Rich and Powerful NationStep #1 EXPORT more than IMPORT What you sell to other countries What you buy from other countries Goal: Have more money coming in than going out = favorable BALANCE OF TRADE

  4. What was step two of mercantilism? How To Make A Rich and Powerful NationStep #2 Build Colonies • Colonies provide: • Easy access to cash crops & other raw materials • Places to sell items made in your country

  5. What was step three of mercantilism? How To Make A Rich and Powerful NationStep #3 Taxes on imported goods High TARIFFS Problem: people are buying goods from other countries Solution: Charge them more money to buy foreign goods

  6. What was step four of mercantilism? How To Make A Rich and Powerful NationStep #4 Increase exports Don't’ let your colonies trade with other countries They either buy an item from you or they don’t buy it at all!

  7. Make a Prediction! Why did the American colonists go along with this?

  8. High tariffs PROTECTED American business (Consumers could buy American made products cheaper than French made products) • Smuggling! Do you have any questions about the reading last night????

  9. What is Mercantilism? In the case of England and the colonies, England monopolized the trade and the profits went to England. Legally the colonies were only allowed to export raw materials and import any finished products back from Britain. Mercantilism benefitted the British because it kept money in British trade and prevented the Americans from trading with anyone else. Mercantilism benefitted the colonies because it gave them a secure market for their raw materials.

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