CH 3-1 England and its Colonies.pdf

CH 3-1 England and its Colonies.pdf - CH 3 The Colonies...

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1 CH 3 The Colonies Come of Age Section 1 England and its Colonies
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How did Mercantilism work between England and its Colonies? Colonies were Export Raw Materials to England Expected to supply England with those materials that they lacked; timber Import manufactured goods Buy manufactured goods from England England discouraged colonies from manufacturing goods that competed with England’s manufactured good 2 Define Mercantilism an economic system in which nations seek to increase their wealth and power by obtaining large amounts of gold and silver and by establishing a favorable balance of trade.
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3 Mercantilism; favorable balance of trade Export More; sell-make money Import less; buy-spend money
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Western Border= Appalachian Mountains 4 How did the New England and Middle Colonies’ differ in general from the economy of the South? What may have accounted for this difference?
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By the mid-1600s, the American colonies were fulfilling their role, well …….SORT OF .
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