The Colonies Come of Age Test Content] Flashcards
an economic theory that focuses on the trading of goods as a means to create wealth
Mercantilism
Principles of Mercantilism (6)
- Accumulation of gold and silver creates wealth
- There is a fixed amount of wealth in the world
- A positive trade balance must be maintained
- A large population is needed
- Colonies are needed for people, materials, markets
- Government needs to control materials, shipping, markets through regulations
What are the 2 roles of the colonies in mercantilism?
- Produced raw materials from natural resources
- Provided a market to sell finished products
What’s the significance of
the economic system followed by Britain that led to the development of the Triangular Trade and the growth of slavery in the American Colonies
What did Navigation and Trade Acts do?
restricted the growth of trading in colonies and allowed England to control manufacturing
What was the purpose of Navigation and Trade Acts?
to force all exports from the colonies to an English port, so custom duties could be paid before the ship went to a foreign harbour; England set these laws because they benefit from them, England does actually care about the colonies
allowed merchants in the American Colonies to continue to develop trade relationships with foreign nations, independent of Britain
Salutary Neglect
What ended Salutary Neglect?
French & Indian War
Natural Rights: life, liberty, property
John Locke
Wrote Declaration of Independence
Unalienable Rights: life, liberty, pursuit of happiness
Thomas Jefferson
Separation of Church & State
Voltaire
Checks & Balances
Separation of Powers (3 branches of gov)
Baron de Montesquieu
Wrote Social Contract
“Man is born free”
Jean-Jacques Rousseau
Who fought in the French and Indian War?
France vs Great Britain
What were the Colonists and Salutary Neglect involved in?
-smuggling
-trade and Navigation acts
