England Controls Trade in the Colonies Mercantilism - A country becomes strong by a) possessing colonies and b) controlling the trade of those colonies. The colonies only exist to benefit the "mother" country.
Export - stuff a country sells to another place
Import - stuff a country buys from other places
Under the idea of mercantilism, England should export more to the colonies than they import from the colonies.
England should export finished products and import raw materials. Finished products are worth more than raw materials.
Navigation Acts - regulated trade between England and the Colonies; controlled what products were traded; helped the Colonists by encouraged shipbuilding and made it so Colonists did not have to compete with foreign merchants
Triangular Trade New England - sent fish, lumber, flour, livestock to the West Indies - received from the West Indies sugar and molasses (used in making rum). Sent rum, guns, gunpowder, cloth, and tools to West Africa in exchange for slaves which they took to West Indies
Mercantilism - A country becomes strong by a) possessing colonies and b) controlling the trade of those colonies. The colonies only exist to benefit the "mother" country.
Export - stuff a country sells to another place
Import - stuff a country buys from other places
Under the idea of mercantilism, England should export more to the colonies than they import from the colonies.
England should export finished products and import raw materials. Finished products are worth more than raw materials.
Navigation Acts - regulated trade between England and the Colonies; controlled what products were traded; helped the Colonists by encouraged shipbuilding and made it so Colonists did not have to compete with foreign merchants
Triangular Trade
New England - sent fish, lumber, flour, livestock to the West Indies - received from the West Indies sugar and molasses (used in making rum). Sent rum, guns, gunpowder, cloth, and tools to West Africa in exchange for slaves which they took to West Indies