Mercantilism
Social Studies Andrea Boyde-Langston
Chapter Two September 14, 2007
Mercantilism
An economic philosophy advocating that countries should simultaneously encourage exports and discourage imports.
1776 (mercantilism) Adam Smith
1621 all Virginia tobacco was to be brought to England
1642 Members raised an army
1649 Chopped off Charles I head
England went 11 years w.o a king
in his place- Oliver cromwell (1649-1658)
Archbishop Laud
told to govern colonies by Charles I 1633
1640’s English Civil War
Oliver Cromwell tried to persuade pl to move to the West Indies for sugar & tropical goods
Led to war with Dutch
1655 Only captured Jamaica
Navigation Acts (ensurance the mother country would benefit)
1.) Forbade all trade with colonies except in ships owned and constructed there or in England
2.) Forbade the transportation from the colonies to any place except England or another English colony ( sugar, cotton, indigo,......
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