Mercantilism

Mercantilism

Know before we begin

Colony - a country or area of land under the political and economic control of another country

Mother Country - country in charge of the colony

Economic - making and spending of money and materials

Raw materials - natural resources used to make manufactured goods

Manufactured Goods - items that are built, mainly from natural resources

England = Britain = Great Britain

Mercantilism

Economic Theory

Sell more than you buy = high profit

Wealth = Power

Navigation Acts

• England said the colonies could only trade with England and all materials had to be shipped on British ships

  
  

• Was difficult to enforce Ignored by the colonists

  
  

• Ignored by the colonists - they smuggled goods from other countries who sold items cheaper than England 

  
  

Open Ended

Why was it difficult to enforce to Navigation Acts?

Creation of the Triangular Trade

• Initial resources sent to England from the colonies did not provide large profits

  
  

• They discovered that there was not gold as England had initially thought. 

  
  

• Discovered the Southern colonies has a climate and soil that would support the growth of crops that were in high demand in England

  
  

• Those crops required a large labor force in order to grow enough to make a profit

  
  

Labor Sources - do not write

• American Indians - were the first choice for labor. They were kidnapped and forced to work. However, they were able to use their knowledge of the landscape to escape

  
  

• Indentured Servants - many in England wanted to move to the colonies for the opportunities provided, but couldn’t afford the trip. They would get their trip paid for by a plantation owner and would then work on their plantation for a preset number of years to pay off their debt

  
  

• Slaves - both of those options were expensive so plantation owners turned to slave labor

Directions

1) Do not exit from the web browser

2) Open Google Classroom and open the EdPuzzle assignment Mercantilism and the Triangular Trade. Watch the video and answer the questions

3) If you have extra time complete any missing assignments you may have

4) Wait for Exit Ticket Directions

Open Ended

In your own words, define mercantilism