Mercantilism The Economy of the Colonies. Mercantilism  The colonies existed to benefit the parent country of England.  The colonies supplied the parent.

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Mercantilism The Economy of the Colonies

Mercantilism  The colonies existed to benefit the parent country of England.  The colonies supplied the parent country with materials it did not have.  The colonies also acted as a market for the finished goods made in the parent country.

English Mercantilism

Quick Write  In complete sentences, answer the prompt, “Under mercantilism, what was the relationship between a home country and its colonies?”

The Navigation Acts of 1651  Did all of the colonies follow the rules?  To ensure that the colonies continued to only trade with its parent country, England instituted the Navigation Acts.

Salutary Neglect  The relaxing of the enforcement of mercantilist laws on English colonies.  Salutary neglect planted the seeds of self- government in the colonies.

The Agricultural South  The Southern Colonies had fertile soil and a climate well suited for a farming society.  The South consisted of large plantations which were nearly self-sufficient.  They relied on slave labor  Women and slaves had virtually no rights.

The Commercial North  From the colonial economy grew twice as fast as Britain’s.  Most of that growth occurred in New England and the Middle Colonies.  The North’s economy was diversified as compared to the South  Wheat, fish, lumber, ships.