SETTLING NORTH AMERICA 1497 1732
THE MAYFLOWER SETTLEMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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redistribution
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bartering
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mercantilism
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supply and demand
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Detailed explanation-1: -mercantilism was a theoretical economic system that emphasized the trade and financial practices that most benefited the state. In the colonies, this theory was realized by the colonists shipping raw materials to English merchants, and those merchants shipping manufactured goods back to the colonies.
Detailed explanation-2: -They had to pay high taxes to the king. They felt that they were paying taxes to a government where they had no representation. They were also angry because the colonists were forced to let British soldiers sleep and eat in their homes. The 13 original states.
Detailed explanation-3: -Trade Wars The English enacted Trade and Navigation Acts in 1651, the first in a series of trade acts aimed at bolstering British trade at the expense of Dutch trade. This first act, and subsequent acts, required that all goods produced in the British Empire be shipped in British ships with British crews.
Detailed explanation-4: -Restrictions on Manufacturing According to mercantile theory, colonies were to supply their mother nation with raw materials and buy their manufactured goods. Therefore, colonies should not have been encouraged to develop their own industries. England, however, made few attempts to restrict colonial manufacturing.
Detailed explanation-5: -The British had an empire to run. The way that they kept their economy healthy was through a system called mercantilism. Mercantilism was a popular economic philosophy in the 17th and 18th centuries. In this system, the British colonies were moneymakers for the mother country.