The Colonies and Economic Regulation

The Colonies and Economic Regulation - The Colonies and...

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The Colonies and Economic Regulation Salutary Neglect began with Charles the 1 st . Neglect that is not harmful. He allowed the colonies to grow on their own. Mother Country/Colonial Relationship England’s perspective – No colony Could be founded without the support and encouragement of the English government. Because England started the colonies, they believed the colonies needed them. For lack of a military and some stable finances they were right. Colonies dependent on the mother country for military support In return – colonies give money and resources Mercantilism Operative economic theory of all mahor European powers in the 17 th and 18 th centuries o A nation could only gain wealth at the expense of another nation o Power and wealth go hand in hand – England was dependent on the colonies to give them resources. Also, the colonies could not compete with the mother colony. The function of the colonies is to support the mother country it belongs to. Eventually, the
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This note was uploaded on 03/28/2008 for the course HIST 105 taught by Professor Hatfield during the Spring '07 term at Texas A&M.

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The Colonies and Economic Regulation - The Colonies and...

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