My name is King George III & I’m bloody filthy rich! England viewed its North American Colonies as a way to make money. The colonies provided England with raw materials. English manufacturers used these materials to produce finished goods. England would then turn around and sell the finished goods back to the colonists for an even heftier price. This process followed an economic theory called mercantilism. My name is King George III & I’m bloody filthy rich!

Lumber Furniture Iron  Tools Cotton Clothing Rich & Powerful

Mercantilism I’m bloody filthy rich! furniture lumber tools iron textiles cotton

My name is King George III & I’m bloody filthy rich! Mercantilism states that as a nation’s trade grows, its gold reserves increase, and the nation then becomes more powerful. To make more money from its trade, England had to export more goods than it imported. My name is King George III & I’m bloody filthy rich!

To make certain that only England benefited from the trade with its’ colonies, Parliament passed the Navigation Acts, a series of laws between 1651- 1673 that directed trade between England and the colonies to increase the power and money of England.

Triangular Trade Route

Navigation Acts Colonial merchants who had goods to send to England could not use foreign ships– even if those ships offered cheaper rates; they were forced to pay England to use their ships. The Navigation Acts prevented colonists from sending certain products, such as sugar or tobacco, outside of England’s empire. English Ship

Navigation Acts Some Colonists ignored these laws and began smuggling, or trading illegally with other nations. Controls on trade would later cause even more conflict between the American colonies and England.

Mercantilism Map Due tomorrow HELPFUL HINTS USE CHECKLIST Mrs. Pace gives you, your notes and the slide Mrs. Pace posts on Board!!!!

New England Colonies=Massachussetts, Rhode Island, Connecticut, and New Hampshire Middle Colonies= New York, New Jersey, Delaware, Pennsylvania Southern Colonies= Virginia, Georgia, North Carolina, South Carolina, Maryland