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