Colonial Trade and Mercantilism Quiz

What were the Navigation Acts?

• Laws that allowed private individuals and companies to control the production and trade of goods

• Laws that protected freedom of speech for members of Parliament

• Laws that restricted colonial trade and aimed to benefit England economically

• Laws that granted more religious toleration and non-Puritan representation in the colonial assembly

Who were the colonists?

• People who were loyal to the British government

• People who controlled the production and trade of goods in the colonies

• People who immigrated to England from the American colonies

• People who settled in the American colonies and were subject to British laws and regulations

What is mercantilism?

• Natural resources that are used in the production of goods

• The legislative body of England that passed laws and made decisions regarding the governance and policies of the country

• An economic system in which private individuals and companies have control over the production and trade of goods

• An economic theory that believed a country's wealth and power depended on accumulating precious metals and maintaining a favorable balance of trade

What is Parliament?

• The legislative body of England that passed laws and made decisions regarding the governance and policies of the country

• The economic theory that believed a country's wealth and power depended on accumulating precious metals and maintaining a favorable balance of trade

• An economic system in which private individuals and companies have control over the production and trade of goods

• Natural resources that are used in the production of goods

What is capitalism?

• An economic system in which private individuals and companies have control over the production and trade of goods and are motivated by profit

• An economic theory that believed a country's wealth and power depended on accumulating precious metals and maintaining a favorable balance of trade

• The legislative body of England that passed laws and made decisions regarding the governance and policies of the country

• Natural resources that are used in the production of goods

What are raw materials?

• The people who settled in the American colonies and were subject to British laws and regulations

• The legislative body of England that passed laws and made decisions regarding the governance and policies of the country

• Natural resources that are used in the production of goods, such as lumber, furs, fish, and tobacco

• The economic theory that believed a country's wealth and power depended on accumulating precious metals and maintaining a favorable balance of trade

What is self-sufficiency?

• The legislative body of England that passed laws and made decisions regarding the governance and policies of the country

• The economic theory that believed a country's wealth and power depended on accumulating precious metals and maintaining a favorable balance of trade

• The people who settled in the American colonies and were subject to British laws and regulations

• The ability of a country or individual to meet their own needs without relying on others, especially in terms of economic resources and goods

What was the purpose of the colonial system?

• To enrich Britain economically

• To establish colonies as sources of raw materials and markets for goods

• To benefit the colonists and individual merchants

• To achieve self-sufficiency for the colonies

What motivated Britain to establish colonies?

• The goal of accumulating precious metals and maintaining a favorable balance of trade

• The economic theory of mercantilism and the desire for self-sufficiency

• The need for raw materials and the desire to benefit the colonists

• The pursuit of foreign markets and the concept of capitalism

What were the Navigation Acts?

• A series of laws restricting colonial trade, including requirements for ships and trade routes

• A series of laws granting religious toleration and representation in the colonial assembly

• A series of laws protecting freedom of speech and control of taxation

• A series of laws allowing private individuals and companies to control the production and trade of goods