An economic system based on colonial trade

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Presentation transcript:

An economic system based on colonial trade Mercantilism An economic system based on colonial trade

Exporting more than you import Exports: goods that are sent from your country to another to be sold Imports: goods brought into your country from another country

Navigational Acts Regulated trade between England and its colonies The purpose was to make sure that only England benefited from colonial trade. Angered colonist because only English or colonial ships could carry products to and from the colonies

Triangular trade Trade route from New England colonies to West Africa to West Indies. The route formed a triangle

Goods traded New England Livestock Rum Guns Cloth Tools Lumber Fish West Africa Slaves West Indies Sugar Molasses