Triangular Trade.

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Presentation transcript:

Triangular Trade

17th +18th Century (years?) Europe has mercantile policy Gold + silver (in country) NOT purchase manufactured goods/food- foreign Solution: encourage manufacturing (subsidies/monopolies) develop shipping colonies existed as raw materials + markets

Navigation Acts 1651 During English Civil War (1642-1646) Dutch ruled colonial trade England recovers- 1651 Parliament said “all goods imported” MUST Arrive in English ships Majority crew English

Parliament 1660 revision of Navigation Acts ¾ crew English Specific goods shipped only- tobacco, cotton, indigo, sugar…hemp, fur 1663 revision- shipped directly to England Tax -AKA- Routed to another colony- Captain pay bond pre-departure (before sailing)

1676 ENFORCEMENT of Navigation Acts Edward Randolph sent to Boston Massachusetts said “the legislative power is and abides in them solely to act and make laws” …taxation without representation… Dominion of New England New Hampshire, Massachusetts, Conneticut, Rhode Island, NY, Pennsylvania, New Jersey under punishment King James II dies (Magna Carta 1215/Absolute Monarchy)- Colonies return to unenforced Navigation Acts

The crackdown William and Mary + Parliament 1696 “writes of assistance”- general search warrant Strict judgement in Admiralty Courts 1725 “salutary neglect” Colonies built and operated ships Legal trade with Britain (import manufactured goods- export citrus fruit) + West Indies (export fish, livestock, flour, lumber Illegal trade with France, Spain, Portugal, Holland

Life in trade Visit 3+ ports Gone for 1 year+ Allowed colonies to get manufactured goods without having to spend “currency” which was limited