British Mercantilism Essay

2884 words - 12 pages

Economic ideas and systems come and go. Many systems have failed and many have succeeded. The British system of mercantilism was actually quite a good system for England. They raked in profits from their colonies. The only problem was that they did not give enough economic freedom to their colonies. At almost every turn, the British tried to restrict what their colonies could do and whom they could trade with. In hindsight, I believe that the British may have been a bit more lenient on their restrictions because the constant prohibitions eventually lead to revolution…
England did not directly control its colonies. Instead, they let joint-stock companies control and provide funds and foodstuffs for the colonies. Modern day corporations find their roots in these Joint-stock companies. The joint-stock companies were comprised of a group of entrepreneurs who provided the funds for all the voyages and supplies. The people funding the company usually controlled the colony as well.
     The Dominion of New England was set up by English officials to unite the colonies into one defense against the Native      Americans. It was run by a man named Andros, who began to levy taxes on all the colonists without first getting input from the various assemblies from the colonies. The Dominion of New England was eventually overrun. Andros was being searched for because of the failings of this Dominion, so he took cover and tried to escape the colonies by dressing like a woman. However, his boots gave him away.
     The colonists were growing more and more displeased by the economic system the British were forcing on them, and then the Molasses Act came. This Act placed high tariffs on sugar, molasses and rum imported into New England in a effort to prevent colonial trade with the French West Indies sugar islands of Martinique and Guadeloupe. British sugar merchants on the islands of Barbados, Antigua and Jamaica had complained to Parliament. The law was enacted to restrict non-British trade and to further enforce the concept that trade was to be done only on British owned ships. In response to this Act, the colonists began to smuggle goods into the colonies.
     Parliament also passed a series of Navigation Laws, which further restricted trade from the colonies. Cromwell passed the original Navigation Law in 1651. The law stated that no goods grown or manufactured in Asia, Africa, or America should be transported to England except in English vessels, and that the goods of any European country imported into England must be brought in British vessels, or in vessels of the country producing them. The law was directed against the Dutch maritime trade, which was very great at that time. But it was nowhere strictly enforced, and in New England scarcely at all.
In 1660 the second of these laws was passed, greatly resembling first and adding much to it. This act forbade...

Find Another Essay On British Mercantilism

Mercantilism Essay

845 words - 3 pages environments for many people to migrate to, increasing the population and eventually the work force of the country. Protection was always granted to the colonies by the mother country. They were protected in physical ways such as if a conflict every occurred British arm would fight the battle or also would protect the rights and their society and welfare was protected [in theory]. All the advantages made mercantilism and imperialism intriguing

Mercantilism Essay

871 words - 3 pages known and stable environments for many people to migrate to, increasing the population and eventually the work force of the country. Protection was always granted to the colonies by the mother country. They were protected in physical ways such as if a conflict every occurred British arm would fight the battle or also would protect the rights and their society and welfare was protected [in theory]. All the advantages made mercantilism and

Mercantilism

1031 words - 4 pages Mercantilism Mercantilism is the economic theory that a nation's prosperity depends on its supply of gold and silver; that the total volume of trade is unchangeable. This theory suggests that the government should play an active role in the economy by encouraging exports and discouraging imports, especially through the use of tariffs. Spain and England used the mercantile system to benefit the mother countries. The mercantile system had

Common Sense

542 words - 2 pages plethora of untapped or under appreciated resources that are unable to be fully appreciated due to our exploitation of the British(Paine common sense). With the burden of mercantilism lifted from the Colonies we can finally achieve fair prices for our goods. If the Colonies find that Great Britain is unfair with their prices we would now have the freedom to trade else where; conversely our product could also be sold at a higher price in other

Boer War

965 words - 4 pages . The Treaty of Vereeniging brought peace and political unification to South Africa but did not erase the causes that had triggered the conflict. Even after the establishment of the Union of South Africa in 1910, the Afrikaners kept themselves culturally and socially separate. This event involves imperialism, nationalism, militarism, economics, mercantilism, and geography. Imperialism is shown when the British and the Afrikaners were trying to

The Causes of the American Revolution

885 words - 4 pages revolution, but the greatest motivator of the war was the restriction of civil liberties instituted by the British. This factor in effect encompasses almost all of those factors stated above, for those, in one way or another, impacted the lifestyle and rights of all the colonists. Militarily, the soldiers housed by the Quartering Act impacted the colonists’ right of privacy; economically, mercantilism restricted their freedom to trade to England

Imperialism in Burma

2044 words - 8 pages Indians. Indians took many Burmese jobs by working for barely any money at all. The Burmese lost everything and resentment grew. Some unemployed Burmese villagers took to petty theft and robbery. Although the British caused the problem, they characterized the Burmese as “lazy and undisciplined.” Homicide increased at a startling rate. British monopolies looted the country of oil, teak, and rubies. Mercantilism is the main economic system used

Is Democracy Sustainable in Latin America?

1697 words - 7 pages confidence in the government. Although much of South Asia was ruled by the British under Mercantilism, British law was strictly enforced and eventually all subjects of the British crown were considered equals in citizenship and rights. In contrast, Latin America was, and is still to a great degree, governed by law that applies to few of the ruling elite and military leaders. This lack of equal treatment under the law undermines faith in the

Mercantilism, the Great Awakening, and the French and Indian War, laid sufficient soil to the American revolution

705 words - 3 pages durable, making British vessels even more powerful. Exploitation of colonies was considered a legitimate method of providing the parent countries with precious metals and with the raw materials on which export industries depended. Mercantilism, by its very success in stimulating industry and developing colonial areas, soon gave rise to powerful anti-mercantilist pressures. The use of colonies as supply depots for the home economies, and the

Salutory Neglect in the American Colonies

931 words - 4 pages idea of salutary neglect as proposed by British Prime Minister Sir Robert Walpole. He claimed that “if no restrictions were placed on the colonies, they would flourish.” Britain had quite a few reasons as to why they used salutary neglect, but there are three main ones. First, the colonies were a part of their mother country Britain, and therefore they were expected to do everything could to serve the mother country (Britain) through mercantilism

Evolution of Business Presentation Create a 10-15 slide Microsoft PowerPoint presentation describing the evolution of business. .

1032 words - 4 pages in warehouses that extended over several fields in Alexandria, Egypt. These warehouses were meant for sale abroad. In the time of the Ptolemy dynasty, mercantilism was a godsend. This king of Egypt owed Alexander the Great an abundant amount of money for Egypt being a free country. Along with gold, King Ptolemy would send fields of grain as payment for their freedom.The price of TeaMerchants then and now still make huge amounts of profit by

Similar Essays

Mercantilism In Colonial Life Essay

783 words - 3 pages British colonies instituted in the New World, mercantilism proved to be a generally lucrative system in ensuring the regulation of the goods produced within the colonies. Furthermore, mercantilism made sure that the mother country's economic situation would not be compromised, rather it would be enhanced with the notion that by guaranteeing that the nation would be earning more for their exports than their imports . Consequently, nations would be

Reasons That Led To The American Revolutionary War

985 words - 4 pages The American Revolutionary War was fought and won by the Colonists because of an idea. The idea was freedom. There are many reasons why freedom became a pertinent idea to the colonists and in this paper I shall discuss what events lead up to this idea. I shall examine the British theory of mercantilism, the French-Indian War, and many of the acts that Great Britain sought to make the Colonists to abide by. Through these three events, the idea of

Mercantilism Essay

967 words - 4 pages The year 1607 brought England into the "New World" with its first permanent settlement at Jamestown, and the following years would bring more American colonies to the British Empire. When sending people into the new land, the English planned to use a mercantilist policy and fully use the colonies for their resources. The colonist's creation of the proverb "Mother countries exist for the benefit of their colonies" is

17th Century English Mercantilism Essay

938 words - 4 pages Mercantilism Essay England in the 17th century adopted the policy of mercantilism, exercising control over the trade of the colonies, thus greatly affecting their political and economical development. Mercantilism was the policy in Europe throughout the 1500's to the 1700's where the government of the mother country controlled the industry and trade of other, weaker settlements with the idea that national strength and economic security