DE History (The Mercantile System)
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DE History (The Mercantile System) - Marcador
DE History (The Mercantile System) - Detalles
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27 preguntas
| 🇬🇧 | 🇬🇧 |
| The Columbian Exchange begins by the 1500s…This exchange of ________ would have far reaching effects. | Plants, animals and ideas |
| European countries controlled most of the.... | Americas and North America |
| What European countries mostly controlled the Americas | Spain, France, England and the Dutch |
| Intense competition for... | Markets and raw materials |
| Mercantilism: Core Principle (1) | Wealth is the basis of a country’s power |
| Mercantilism: Core Principle (2) | The Mother Country must regulate trade and production to limit competition |
| Mercantilism: Core Principle (3) | Colonies exist solely to benefit the Mother Country |
| England passed the _____ in late 1600s | Navigation Acts |
| In the Navigation Acts, Colonies must purchase (and not make their own) ________ from England | Manufactured goods |
| In the Navigation Acts, Colonists must use its labor to... | Benefit England |
| In the Navigation Acts,Only ______ Made ships can be used to transport goods | English or Colonial |
| What is the 1st Act of the Navigations Acts | Colonies must purchase (and not make their own) manufactured goods from England |
| What is the 2nd Act of the Navigations Acts | Colonies must sell its raw materials to ONLY England |
| What is the 3rd Act of the Navigations Acts | Colonies must use its labor to benefit England |
| What is the 4th Act of the Navigations Acts | Only English or Colonial made ships can be used to transport goods |
| Who are the winners in the Mercantile System | English Manufactures, New England Shippers, English Military |
| Why are English Manufactures winners in the Mercantile system? | Act 1-Insures high prices for goods |
| Why are New England Shippers winners in the Mercantile System? | Act 4-Insures steady business |
| Why are the English Military winners in the Mercantile System? | Act 4- Handles protection– increase budgets |
| Who are the losers in the Mercantile System? | Colonial Consumers, Colonial Entrepreneurs (businessmen), Colonial Planters and farmers. |
| Why are colonial consumers losers in the mercantile system | Act 1-Must pay high prices |
| Why are colonial entrepreneurs losers in the mercantile system? | Act 1-Restricted from making products |
| Why are colonial planters and farmers losers in the mercantile system? | Act 2-Must sell raw materials at low prices |
| Why did Mercantilism work for 100 years? | Britain’s Policy of Salutary Neglect |
| Mercantilism worked for 100 years because... | -Acts were costly to enforce. -Colonists relied on smuggling and independent traders for profit. -Both sides continued to benefit. |