Ch.1-10pepes

Ch.1-10pepes - : 1) Mercantilism 1660-1763; 2) Sovereignty...

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: 1) Mercantilism 1660-1763; 2) Sovereignty 1773-1783; 3) Nationalism 1776-1819; 4) Sectionalism 1820-1860; The Colonial Period Jamestown-early settlement, May 24, 1607 Who: Virginia Company Where: Jamestown, Virginia What: Virginia Co of London received a charter from King James I of England for a settlement in the New World --100 Englishmen looking for gold. They found disease, starvation. John Smith saved the colony from extinction. Tobacco, not gold, became the source of early economic strength in the 1610s. Indian problems resulted in Royal takeover of the colony in 1624. Sig: First permanent English settlement in America Source: AP29-30 Plymouth- early settlement, 1620 Who: 102 separatists of the English Church Where: Plymouth Bay, MA What: settlement of religious pilgrims that had left England and went to Holland but left Holland because of the "Dutchification” of their children. They had a rough start but survived because of the leadership of William Bradford. Poor colony was merged into the larger Massachusetts Bay in 1691. Sig: Begins permanent settlement in New England. Source: AP 44-5 Mercantilism-theory Where: England and America What: system of beliefs that relates to commerce and trade based on the theory that economic health results from a favorable balance of trade: importing cheaper raw materials and exporting more expensive finished products is beneficial in building the wealth and power of a country. Gold and silver flows to the mother country as more expensive finished goods are sold in the colonies in return for less expensive raw materials. Colonies exist for the economic well-being of the mother country. Sig: England embraced Mercantilism with the use of the colonies in America Source: AP123 Mercantilism- in practice Where: England, American colonies What: England’s Mercantilism can be seen in the Navigation Law of 1650 which said all trade to and from the colonies had to be on British ships to keep the Dutch out of American trade. Reenacted in 1660, the law provided for a British captain and a predominantly British crew. The Trade Act of 1663 provided that “enumerated” commodities had to stop in England to be transshipped to Europe—all an effort of the English to control colonial trade and keep that trade within the empire and to the benefit of the English. The Molasses Act of 1733 imposed a 6pence/gal. tax on imported foreign molasses in order to regulate trade. The Sugar Act of 1764 amended the Molasses Act of 1733 by lowering the tax to 3pence/ga., but not for the regulation of trade but for the raising of revenue. Sig.:THIS IS A TERRIBLY IMPORTANT SHIFT, FROM THE 1733 REGULATION OF TRADE TO THE 1764 RAISING OF REVENUE. Source: AP124-5
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This note was uploaded on 04/17/2008 for the course ? ? taught by Professor ? during the Spring '07 term at Gustavus.

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Ch.1-10pepes - : 1) Mercantilism 1660-1763; 2) Sovereignty...

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