week 2 - government and mercantilism Flashcards
1
Q
what did america supply britain with?
why was this important for the british?
A
valuable metals such as gold and silver,
fulfilled british mercantilist’s wildest dreams since it allowed them to effectively control the value of their currency
2
Q
what did the trade triangle make up for?
A
money lost through mercantilism
3
Q
what did the king forbid?
A
direct exportations to rival markets
4
Q
what were colonists allowed to do?
A
levy their own taxes
