British Mercantilism

1. Which of the following choices best represents Mercantilism?

• An economic system used by colonial nations to increase the wealth of the “home” nation by controlling trade with its colonial possessions
• An economic system focusing on Individual Property Rights
• An economic system focusing on the belief that allowing individuals to decide eventually benefited the entire society more than government control; belief that markets acted as an Invisible Hand; focused on the laws of Supply and Demand
• An economic system which believed that markets acted as an Invisible Hand; focused on the laws of Supply and Demand

2. Check the choices below which provide the reasons that Britain desired to possess colonies within their Mercantile System.

• The provision of inexpensive raw materials
• Act as markets for finished products produced in Britain
• To provide delightful vacation areas for the British monarchy and nobility
• To provide opportunity for British citizens to move and live a life as equals to citizens in Britain

3. Which of the following choices best represents the manner in which Britain raised funds to pay for the French & Indian War?

• They sold bonds to their citizens
• They taxed their citizens at an increased weight
• They borrowed money from other nations such as Spain and Portugal
• They used existing funds that they had saved in their treasury for such purposes.

4. Which of the following choices best represents what Britain chose to do with the frontier lands they obtained from France following the French & Indian War?

• They closed off the frontier lands to prevent conflicts with a confederation of native tribes
• They encouraged colonists to move into the frontier areas to help settle and develop the land for increased profit in the Mercantile System
• They granted to the land to nobility from Britain, for them to use to increase their family fortunes
• They used the new frontier lands to create new colonies to attract new colonists from other parts of Europe, such as Spain and Italy

5. Which of the following choices best represents the manner in which Britain chose to create their goal of a "closed loop" of trade?

• They created laws such as the Navigation Acts to restrict colonial trade rights
• The counted upon the loyalty of the colonists and British citizens to do what was best for the Monarchy
• They used markets and the laws of Supply and Demand to dictate what products would be produced and at what price they would be sold
• They encouraged all European nations to contribute goods to the Mercantile System to enhance the economic success of the entire European continent

6. Check the choices below which demonstrate that the colonists viewed Britain as a legitimate government as of 1720.

• The colonists were following the expectations of the British Mercantile system
• The colonists were following the specific guidelines of the Navigation Acts
• The colonists were viewing themselves more as independent rather than dependent in regard to Britain
• The colonists were protesting the taxes that followed the Proclamation Act

7. Check the choices below which demonstrate that the colonists were beginning to view Britain as NOT a legitimate government after 1763.

• The colonists were working around the expectations of the British Mercantile system, through actions such as smuggling
• The colonists were following the specific guidelines of the Navigation Acts
• The colonists vigorously opposed British acts such as the Stamp Act
• The colonists supported the British policy which closed the frontier to settlement west of the crest of the Appalachian Mountains

8. Which statement below provides the short answer as to why Britain restricted the creation of large-scale industry in the colonies and encouraged the production of finished products in Britain?

• Money accumulates where factories are located
• Factories create pollution that makes life challenging
• The majority of raw materials required to produce finished products were located in Britain
• The colonies did not have enough labor to supply workers for the factories

9. Which interpretation of Salutary Neglect best represents its meaning in regard to the relationship between Britain and the 13 Colonies from 1720-1760?

• Britain respectfully ignoring the Colonies
• The Colonies disrespecting Britain out of ignorance
• Britain disrespecting the Colonies by increasing taxes
• The Colonies respecting British rules in all phases of life

10. Which classroom vocabulary term did we use to indicate that the Proclamation Act of 1763 was a starting point for many other important events that culminated in the American Revolution?

• Seminal
• Allusion
• Mercantile
• Popular