Mercantilism in the American Colonies

What was the economic system in the American colonies called?

• Capitalism

• Mercantilism

• Socialism

• Communism

In the mercantile system, governments want to increase ________.

• exports

• imports

• taxes

• tariffs

What is a favorable balance of trade?

• When a country sells more than it buys

• When a country buys more than it sells

• When a country has equal exports and imports

• When a country has no trade with other countries

What did the Navigation Acts require?

• Only English ships could carry cargo between England and the colonies

• Only American ships could carry cargo between England and the colonies

• Only French ships could carry cargo between England and the colonies

• Only Spanish ships could carry cargo between England and the colonies

What was the name of the voyage from Europe to Africa in the triangular trade?

• Outward Passage

• Middle Passage

• Inward Passage

• Transatlantic Passage

What did the Africans trade for manufactured goods in the triangular trade?

• Raw materials

• Enslaved people

• Gold and silver

• Food and clothing

What determined the goods produced by each colony in the triangular trade?

• The government regulations

• The geographic location, climate, and population

• The demand from England

• The availability of raw materials

What was the main motivation behind mercantilism?

• To promote free trade

• To benefit the colonies

• To increase wealth for England

• To establish economic equality