Mercantilism
Mercantilism benefited the 13 colonies, but limited trade for the english
False
What is mercantilism?
A system where a mother countries gains money and power from natural resourses
In this economic system a mother country gained wealth by...
Carefully controlling trade
The navigation Acts limited colonial trade in which way
Colonies could only trade with England and use english ship
In the following pairing which country represented the "mother country" England received goods from the thirteen colonies
England
Which term means a good to sold another country
Export
True/False Great Britain wanted to create wealth by importing more goods than it exported
False
EXPORTS from the 13 colonies included
Fish,lumber,rum,tobacco
The concept of mercantilism is connected to which one of the the three "G"s
Gold
What did Africa import from Europe in exchange for slaves
Iron products (guns)
IMPORTS to the colonies from england included
Manufactured goods/finished products
What was the economic system used by Great Britain in which colonies was established in the Americas
Mercantilism
Mercantilist regulation in the 13 colonies began with the passage of which laws
Navigation acts
What did the British IMPORT from the colonies
RAW materials
EXPORTS of the 13. Colonies included
Raw materials
EXPORTS from Africa included
Slaves,gold
exports from West indies included
Slaves,rum,molasses
The part of the triangular trade used to transport slaves from Africa to the west indies and the 13 colonies was called....
The middle passage
The trade system developed by the colonies between Europe, the West Indies and Africa was called...
Triangular Trade
A favorable balance of trade is achieved when:
You export more than you import