Favorable balance of trade for England

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Presentation transcript:

Favorable balance of trade for England MERCANTILE THEORY Mercantilism: is an economic policy…Wealth is power, key to wealth is export more than import European countries competed for world power and needed colonies to provide necessary raw materials. Colonies’ role: provide raw materials (so mother country does not have to import from other nations) and markets for exports Favorable balance of trade for England

MERCANTILE THEORY European nations relied on strong central governments to enforce mercantile doctrines Americans helped British maintain naval supremacy by providing wood for ships, ships’ stores, sailors, trade (enumerated commodities- goods that can only be traded to Britain) Americans provide profitable market for English manufactured goods Americans discouraged from buying these goods from other countries

MERCANTILE THEORY Most famous of laws to enforce mercantilism were the Navigation Laws (1650) Restricted trade to English vessels (no Dutch) Additional laws: Goods bound for colonies had to go to England first for duties Colonists also not allowed to manufacture certain products to not compete with British

Colonists broke the law and smuggled and traded with other countries. The Navigation Acts 1650 Was it reasonable for England to pass laws such as these to control Colonial trade? It was difficult for Great Britain to enforce these laws because of the distance. Colonists broke the law and smuggled and traded with other countries. No country could trade with the colonies unless the goods were shipped in either colonial or English ships. All vessels had to be operated by crews that were at least three-quarters English or colonial The colonies could export certain products only to England Almost all goods traded between the colonies and Europe first had to pass through an English port.

Advantages of mercantilism MERCANTILE THEORY Advantages of mercantilism VA/MD tobacco farmers guaranteed monopoly on English market. Rights of Englishmen, but some self-government, no taxes to support army/navy to protect them Until 1763, Navigation Laws were not a burden because laxly enforced (salutary neglect) Merchants disregarded or evaded restrictions, some got rich by smuggling (e.g. John Hancock) Average American better off economically than average English

Disadvantages of mercantilism MERCANTILE THEORY Disadvantages of mercantilism Mercantilism stifled economic initiative due to lack of freedom South favored due to Tobacco, sugar and rice Parliament set up a Board of Trade with Admiralty Courts. Took away the right of trial by jury and were considered guilty until proven innocent. Most important, mercantilism was insulting: colonies felt they were being milked like cows, kept in economic adolescence British failed to see an emerging nation

Enumerated Commodities Trade Enumerated Commodities Lumber Tobacco Rice Indigo Furs Sugar To England

Manufactured Goods Furniture Clothing Colonials had not factories. From England to Colonies

Strange Sign

DOMINION OF NEW ENGLAND Collapsed after Glorious Revolution Forced by King James II NE Colonies, NJ & NY Goals Restrict Colonial trade Defend Colonies Stop Colonial smuggling Sir Edmund Andros Gain control over Colonies Eliminated town meetings, the press and schools Taxed without the consent of the governed Collapsed after Glorious Revolution

SALEM WITCH TRIALS The Salem Witch Trials took place in Salem, Massachusetts from March to September 1693, was one of the most notorious episodes in early American history. Based on the accusations of two young girls, Elizabeth Parris and Abigail Williams. Under British law and Puritan society those who were accused of consorting with the devil were considered felons, having committed a crime against their government. The punishment was hanging.

SALEM WITCH TRIALS Causes disapproval of Reverend Parris land disputes between families, Indian taught witchcraft to girls. Girls caught dancing, began to throw fits and accuse people of bewitching (To put under one's power by magic or cast a spell over) them to not get in trouble. 19 hanged, 1 pressed, 55 confessed as witches and 150 awaited trial. Shows the strictness of Puritan society Of the 50 who actually confessed, none were hanged. Eventually ended by the Governor when his wife was accused

Try to focus on this picture- it will drive you crazy!

ZENGER TRIAL Zenger decision was a landmark case which paved the way for the eventual freedom of the press. Zenger Case, 1734-5: New York newspaper assailed corrupt local governor, charged with libel, defended by Alexander Hamilton

ZENGER TRIAL John Peter Zenger, a New York publisher charged with libel against the colonial governor Zenger’s lawyer argues that what he wrote was true, so it can’t be libel (defamation of character) English law says it doesn’t matter if it’s true or not Jury acquits Zenger anyway Not total freedom of the press, but newspapers now took greater risks in criticism of political figures.

Are they on a balcony…or a patio?