Chapter 2 Part 2 Flashcards
What is mercantilism?
It looked upon trade, colonies, and the accumulation of weath as the basis for a country’s military and political strength;
Basically, the more, the merrier
When was mercantilism popular, and where?
In the 17th century in most European kingdoms
How did countries operate under mercantilism?
A government should regulate trade and production to enable it to become self-sufficient;
Colonies were to provide raw materials to the parent country to enrich said country
When was mercantilism applied to the English colonies?
Only after the turmoil of England’s civil war
When was mercantilism applied to Spanish and French colonies?
Since their inception
What did the English Navigation Acts do?
They established three rules for colonial trade?
What was the first rule of colonial trade established by the Navigation Acts?
Trade to and from the colonies could be carred only by the English or colonial crews
What was the second rule of colonial trade established by the Navigation Acts?
All goods imported into the colonies, except for some perishables, had to pass through ports in England
What was the third rule of colonial trade established by the Navigation Acts?
Specified or enumerated goods from the colonies could be exported to England only;
Tobacco was the original “enumerated,” but this list expanded over the years
What were the positive effects of the Navigation Acts?
- Caused New England shipbuilding to prosper
- Provided Chesapeake tobacco with a monopoly in England
- Provided English military forces to protect the colonies from potential attacks by the French and Spanish
What were the negative effects of the Navigation Acts?
- Severely limited the development of colonial manufacturing
- Forced Chesapeake farmers to accept low prices for their goods
- Caused colonists to pay high prices for manufactured goods from England
How did the Navigation Acts tarnish British-colonial relations?
Colonists resented the regulator laws imposed by their distant government in London;
In New England especially, they defied the acts by smuggling in French, Dutch, and other goods
Did the British Crown heavily enforce the Navigation Acts?
They were lax;
Plus, their agents in the colonies were known for their corruption
What did the British Crown do in 1684 to the Massachusetts Bay colony?
It revoked the charter of Massachusetts Bay because that colony had been the center of smuggling activity
When did James II become king of England?
1685