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Economics In Colonial America - Example Papers

Economics In Colonial America

During the 1500's to 1800's, the strength and stature of a country depended upon its political power, which can be traced to how self-sufficient it was. Striving to be self-sufficient was what actions sought after; dependency was not a characteristic of a powerful nation. Raw materials were the most required item to strengthen the central government, and deter interactions, such as trade with other nations. The first country to introduce mercantilism in America was Spain. The Spanish American colonies were not allowed to trade directly with Europe. Instead they had to funnel all of the sugar and tobacco, two common commodities of the new land, through Spain. When this was done, heavy ...

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in the New World. England’s policies and acts effected English speaking colonies. These policies and acts were means of controlling the economy of the colonies in America and strengthen the central government of England. In 1651 the European parliament enacted the first Navigation Act to undercut the Dutch’s domination. England was hoping that this Act would exclude the Dutch from trade with the English and force its own merchant marine to grow. This act was the first attempt to enforce mercantilism by England. The act proclaimed that all trade between France and English colonies, Europe and English colonies, and the colonies with themselves must be conducted on an English ship. The British were hoping that this would boost the economy and expand the merchant marine. The failure of this act was caused by inadequate machinery to enforce the law. The English colonies publicly defied the act and kept on trading with the Dutch.
Another example of the British trying to ...

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PAPER DETAILS

Added: 1/5/2006 11:31:28 AM
Category: Economics
Type: Premium Paper
Words: 607
Pages: 3

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