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Martin Luther - Paper

Martin Luther


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
nations 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 commdities of the new land, ...

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mercantilism had a major effect on the economies in the new
world. English speaking colonies were effected by England's policies
and acts. These policies and acts were means of controling the economy
of the colonies in America and strengthen the central government of
England. Dutch traders had the commercial vessel market well cornered
in the 1640's. It was very difficult for English colonies to compete
with the Dutch. With owning 75 percent of Northern Europes' vessels,
being well-financed and experienced, the Dutch were going to stay in
control of the market unless European Parliament intervined. In 1651
the European parliament enacted the first Navigation Act to undercut
the Dutches 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
merchantilism by England. The act proclaimed that all trade between
France and English ...

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bound for
the American colonies must first land at an english port and then be
reshipped to America in English vessels (Kurland). The British would
benefit from this act by imposing custom duties on goods, which cost
would be passed to the american consumer. The english merchants would
profit from handling, insurance, and shipping fees. This Act also
provided for a naval officer in all colonial ports to insure the
upholding of the mercantile law. From the American stand point, the
Staple Act meant higher prices and a blatant attempt of the British to
exploit America for the benefit of the english merchants. There was no
need for the Staple Act to be passed. The Act ...

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"Martin Luther." Essayworld.com. December 18, 2004. Accessed November 23, 2024. http://www.essayworld.com/essays/Martin-Luther/19155.
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PAPER DETAILS
Added: 12/18/2004 12:26:11 AM
Category: Biographies
Type: Free Paper
Words: 1628
Pages: 6

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