Mercantilism and the Navigation Acts

In the 1760s, the British system of mercantilism was opposed by many American colonists because it -

• placed quotas on immigration

• discouraged the export of raw materials to England

• placed restrictions on colonial trade

• encouraged colonial manufacturing

Match the following

• Parliament

• an economic theory that held that colonies helped a country become wealthy by providing raw materials

  and markets for goods produced in the home country

• Mercantilism

• to carry in or bring out in a secret way

• enforce

• the lawmaking body of British government

• revolution

• to rise up against a government; a dramatic change

• smuggle

• to make people obey a rule or law

Which practice was characteristic of mercantilism?

• buying raw materials from colonists and selling them finished goods

• prohibiting colonists from fishing and trading in furs

• shipping large amounts of gold and silver from Europe to the colonies

• increasing the use of slave labor to manufacture goods in Europe

The policy of mercantilism is best described as the idea that

• colonies should be self-sufficient (independent) economically, and free to trade with anyone else

• government regulation is harmful to a country's economic growth

• economic prosperity for the ruling country can only be achieved through naval superiority

• colonies should buy goods from and sell materials to the ruling country

What did Great Britain do that angered other European countries and the colonies causing them to sometimes resort to smuggling?

• Stopped all trade EXCEPT with Great Britain

• Placed high taxes on the Colonies

• Placed tariffs on Colonial goods

• Allowed them to only trade one raw material for profit

England became a very wealthy mother country because of Triangular Trade routes with colonial America and Africa. This trade is an example of- 

• Mercantilism

• Incentives

• Specialization

• Interdependence

A system in which the king tried to increase his nation's wealth by having colonies only trade with the mother country.

• triangular trade

• cash crop

• joint stock company

• mercantilsim

Who controls and regulates trade in a mercantilist economy?

• The government

• Tax payers

• Individuals

• Voters

What is one role colonies play in a mercantilist system?

• Colonies purchase raw materials from other countries.

• Colonies manufacture finished products for the mother country.

• Colonies sell raw materials to other countries.

• Colonies purchase finished products from the mother country.

What was the primary purpose of the Navigation Acts implemented by the British government in the 17th century?

• To promote free trade among the colonies

• To restrict colonial trade to benefit England

• To encourage colonists to produce more raw materials

• To establish a colonial navy