Relations With England
What best defines mercantilism? An economic theory that benefited America by trade with England. The practice of trading goods for goods when gold and silver was not available. A country's power was measured by the amount of gold and silver it owned.
A country's power was measured by the amount of gold and silver it owned.
Writs of Assistance
Allowed the British to search homes
Why did King George III strictly enforce the Navigation Acts? Britain wanted to expand trade and needed more resources from the colonies. Britain was losing money in trade with the colonies. Britain wanted the colonies to pay for part of the cost of the French and Indian War. George II wanted to show the colonies his power.
Britain wanted the colonies to pay for part of the cost of the French and Indian War.
Which of the following two statements does not describe mercantilism? Gold was secured through a colony trading only with the mother country. Colonies could buy goods from other countries besides the mother country. Mercantilism benefited the colonies. Manufacturers sold goods made from raw materials back to the colonies. Colonies would ship raw materials to the mother country.
Colonies could buy goods from other countries besides the mother country. Mercantilism benefited the colonies.
Why did England forbid the sale of wool, sugar, molasses, and tobacco from the colonies to other countries? English merchants feared competition from the colonies. Merchants were trying to protect against a shortage of these products. England was trying to control the currency.
English merchants feared competition from the colonies.
The Boston lawyer who unsuccessfully tried to have the writs of assistance removed was James Otis George III John Adams.
James Otis
Fill in the blank. Under , a nation's wealth was measured by the amount of gold and silver it possessed.
Mercantilism
Allowed the British to search homes
Only English ships could be used
Iron Act
Passed in 1759
Molasses Act
Prevented competition with West Indies
Hat Act
Prevented manufacturing and competition
England attempted to regulate colonial trade through all of the following means except: Regulating the amount of money in the colonies. Controlling colonial manufacturing. Taxing the shipbuilding industry.
Taxing the shipbuilding industry.
What was the purpose of the Navigation Acts? To reduce the growing strength of the colonies. To allow the colonies to set up trading with other countries. To cause friction amongst the colonies To strengthen the shaky economy of the colonies.
To reduce the growing strength of the colonies.
Barter
Used by the colonists because of a currency shortage