In 1650 the British government adopted a unique policy into the international trade, a policy of mercantilism which states that a nation must export more than it imports in order to build economic strength. Specifically benefiting the British economy, England passed regulatory laws that created a trade system. This trade system illustrated that Americans provided raw goods to Britain and Britain used the raw goods to produce manufactured goods that were to be sold in European markets and then back to the colonies. The colonies were only suppliers of raw goods, so they could not compete much with Britain in manufacturing, also making it harder to trade with foreign countries. Contributing to the British Empire’s wealth was the certainty that …show more content…
However the ferocious relationship between American colonies and England was never mended. In result of this, England created a policy to neglect nourishment of the colonies and this meant that there was to be no enforcement of trade laws that would significantly hurt the colonies’ economy. England were well aware that they would at some point have to battle with the French over the dominance of the continent. In order to be successful, British officials needed colonists to support them. The British did not want to come between their allies, who they depended heavily on, through aggressive trade restrictions.
British mercantilism clarified themselves through the triangular trade. The West Indies, Africa, England, and the American Colonies were all joined together by trade routes. All ports provided the shippers with new cargo a payoff. Slaves were traded for the famous New England rum that was being shipped to Africa. The West Indies would import the rum from Africa and traded it for sugar and molasses, which then, went back to New England. England would have other raw goods shipped from the colonies to England, which were traded for manufactured
The relationship between Britain and her American colonies slowly deteriorated between the 1750s and the beginning of the American Revolution. When the first British immigrants settled in America, the relationship between the colonies and their mother country was somewhat peaceful. In the following generations, however, their relationship became tensier as Britain imposed policies and taxes on unrepresented American colonists. The British believed they were right in doing so because they had large debts to pay from ongoing wars with France. These taxes caused uprisings among colonists which contributed to British occupation in America, leading to more rebellions.
It was expected to result in a favorable balance of trade, with imports not exceeding exports. The significance of this term is that this system allowed gold and silver to flow into England, bringing economic expansion. As a result, these mercantile policies laid the ground for overseas colonization and allowed England to rise as a challenge to Spanish power in the New World.
In the early eighteenth century consumer goods flooded American markets, the colonists needed to sell what they produced in order to purchase British goods that were beyond their ability to manufacture and therefore made them feel more a part of the British "empire of goods".
After the French and Indian War ended, England had massive debt and little revenue, so Parliament passed laws taxing the American colonists to aid in paying for the British army and navy that helped protect the colonies. Parliament passed a series of laws, including the Sugar Act and Stamp Act, which taxed goods purchased by the colonists. Colonial merchants, who did not feel they should be taxed without representation in Parliament, signed non-importation agreements promising not to buy or import British goods. There was a lot of violence committed on the customs officials who were enforcing the...
“When on December 22, 1775, the British Parliament prohibited trade with the colonies, Congress responded in April of 1776 by opening colonial ports—this was a major step towards severing ties with Britain.” (history.state.gov) The colonies no longer depend solely on British goods, but had set up strong trading agreements with numerous countries. These agreements sustained the colonies. By setting up trade agreements with other countries, the colonies had, in a way, become “independent’ from the necessity for British goods. These British goods had become obsolete to the goods of rival
Cotton, spices, silk, and tea from Asia mingled in European markets with ivory, gold, and palm oil from Africa; furs, fish, and timber from North America; and cotton, sugar, and tobacco from both North and South America. The lucra¬tive trade in enslaved human beings provided cheap labor where it was lacking. The profits accrued in Europe, increasingly in France and Britain as the Portuguese, Spanish, and then Dutch declined in relative power. It was a global network, made possible by the advancing tech¬nology of the colonialists.
The origin of England's dependence on the colonies began during the French and Indian war, in the 1750s-1760s. In this war, the British were quite inexperienced; their European style of fighting did not work against the guerilla-warfare fighting style of the French. The British wore bright red coats, marched in long lines, often lugging cannons around with them, while the French hid behind trees and picked them off one by one. General Braddock relied on his force of ill-disciplined American militiamen, who used behind-the-tree methods of fighting in order to fight the Indians. After many years of fighting, the British finally came out victorious. Although England emerged from this war as one of the biggest empires in the world, it also possessed the biggest debt. They had poured much money and resources into these colonies in order to keep them as their own, and it was time for the colonies to give something back to the British for protecting them from the Indians. They finally realized what a precious gift the colonies were, and how useful they would be. In this war, the British realized that the colonies were their pawns in a global game of chess. At any time, the British felt that they had the right to impose taxes on the colonies, in order to make up for money that was lost in the French and Indian War to defend them. They had the view that because they had done so much to help the colonies, that the colonies had to repay them.
The British were trying to control the Americans entirely, with their monopoly on trade, and also thought that the Americans would do everything they demanded them to do. The colonists soon figured out Great Britain's angle on the situation. That was, they didn't understand why they were forced to pay taxes to the British, when they had no say in Britain's actions.
Changes in British policies toward the colonies between 1750 and 1776 played paramount in the evolution of relations between British North America and Mother England. Tension between England and the colonies mounted from the conclusion of the Seven Years’ War to the signing of the Declaration of Independence as a result of the several implemented changes imposed by Parliament for the purpose of increasing income and tightening the grip on America.
The connection between Britain and the English colonies was that of the ruling of the colonies by the king of Britain, King George III and his parliament. The king’s ruling was very unfavorable for the colonists because of his tyrannic dictatorship and unjustly taxations. The mere thought of an island ruling an entire continent thousands of miles away with poor communication and lack of supervision of the colonies by the king, did not work in favor of the colonies nor for Britain. Three contributing factors for the outbreak of the American Revolution were (1) the king’s taxes, (2) neglect of the 13 colonies and (3) England’s mercantilism policy. King George III and his decisions were one of the major causes that had the English colonists fumed with anger towards Britain and this eventually led to the American Revolution.
Those products were shipped to Europe or other European colonies in the Americas. The slaves in the West Indies were then sold to those wanted to buy some. After this whole process, the cycle repeated itself over and over, and this system was used for a long time. To supply the thirteen colonies effectively through trade, Europe came up with the idea of triangular trade.
Trade was important to the Maritimes. Up to 1846 Britain had provided the British North American colonies with a market for their goods, but then began a policy of free trade. Because there were no tariffs placed on any country the colonies lost a sure market for their goods. Many colonists were concerned that some might consider union with the United States and the British North American colonies was brisk with large amounts of lumber and grain being imported by the U.S. When the Americans ended the Reciprocity Treaty in 1865, many Maritimers became uneasy about the economic future. It became apparent that in order to develop thriving trade; new economic links would have to be developed. 3
One facet of this unique system involved the numerous economic differences between England and the colonies. The English government subscribed to the economic theory of mercantilism, which demanded that the individual subordinate his economic activity to the interests of the state (Text, 49). In order to promote mercantilism in all her colonies, Great Britain passed the Navigation Acts in 1651, which controlled the output of British holdings by subsidizing. Under the Navigation Acts, each holding was assigned a product, and the Crown dictated the quantity to be produced. The West Indies, for example, were assigned sugar production and any other colony exporting sugar would face stiff penalties (Text, 50). This was done in order to ensure the economic prosperity of King Charles II, but it also served to restrict economic freedom. The geographical layout of the American colonies made mercantilism impractical there. The cit...
Economic concerns of the British caused the colonization of British North America. Such economic concerns included the opportunity to acquire gold, silver, a North American waterway that would lead directly to China and the Indies, and the prospect of countering Spain's dominance in North America (Boorstin et al. 34). In addition to these economic reasons for colonization, the English were also seeking to obtain the essential "raw materials" in America that they had been previously buying from other European countries for exorbitant amounts of money and gold (Boorstin et al. 34). Great Britain also sought to solve other economic problems through American colonization. For example, England needed to replenish some of its diminishing materials and assets, generate another "market" to export its cargo and merchandise, maintain its powerful navy and "merchant marine" through business with new American colonies, and to provide a new place for the unemployed to settle rather than escalating populace/crime and the economic burden in its own cities (Boorstin et al. 34).
Mercantilism was known as the “greatest whipping boys in the economic history” (C.W., 2013). Mercantilism was a theory of trade that was adopted by major European powers in the 1500’s to the 1800’s (Mercantilism, n.d.). It was also an economic nationality for the purpose of building a wealthy and powerful nation. The “mercantile system” is used to describe the political economy that sought to enrich the country through restraining imports and focus on exports (LaHaye, n.d.).