History 2010 Feb 7 notes.docx - History 2010 Feb 7 2017...

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History 2010 Feb 7, 2017Colonies of Empire, Empire of Colonies!The Economic System of MercantilismTheory of economics Empires need colonies for raw resources.Balance of TradeoOld world (favorable)oNew world (unfavorable)Relief value for political and religious distance Tell colonies to grow certain things: indigo, rice, lumber> ships porcelain>money Shows status> get into debt Trade becomes unfavorable, money is required Marketplace of revolution France, Britain, Netherlands see problems as economy > compel nations to get into “trade wars” England needed raw materials that colonist could supply Americans buying industrial products from Britain> clothes, knives, guns Britain rises> strong navy> woodDebt caused the American Revolutionutopias are a vanity project William Penn and the establishment of PennsylvaniaEstablishment of the Quaker Colony of Pennsylvania oWhy are Quakers (Religious Society of Friends) such a problem in England?

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