WHAT IS THE IMPACT OF IMPERIAL EXPANSION

Question 1

Define mercantilism?

Answer 1

Mercantilism is an economic policy that is designed to maximize the exports and minimize the imports for an economy. It promotes imperialism, tariffs and subsidies on traded goods to achieve that goal.

-Exporting more than importing in other words

Question 2

When was the first Navigation act?

Answer 2

1651

Question 3

When was the second Navigation act?

Answer 3

1660

Question 4

What did the first navigation act say?

Answer 4

• -Goods imported to England and its territories had to be carried on English ships.
• -Required all crews on English ships need to be 1/2 British by nationality.

Question 5

what did the second Navigation act say?

Answer 5

V. similar to the first

Banned exports and imports from foreign ships.
List of goods - tobacco and sugar could only be shipped to the English and its Colonies.

Question 6

what other legislation benefit Britain’s economy?

Answer 6

Staple act 1663 - All goods shipped from the continent to the colonies had to be passed through England.

plantation duty act 1673 - Ensured that captains of England ships delivered specific goods to England only or faced a financial penalty.