Lecture 5 - Navigation Acts of 1651-1663-excluded Dutch...

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February 1, 2011 Lecture 5: Colonial Economies I. From Mercantilism to Imperial Dominion -fixed amount of wealth in the world: gold and silver What is mercantilism? -total of world’s wealth remains fixed -what changes is a nation’s share in that wealth -government must control all economic activities -limit foreign imports -16 th century: English crown use charters, etc. to stimulate trade -17 th century: Navigation Acts Mercantilism in practice -colonies to produce agricultural goods and raw materials -mother country doesn’t have to buy food from another country -use raw materials to make products and sell -England to produce finished goods -English/colonial merchants to control all trade -to and from has to be English (bypass Dutch) -mid 17 th century: Dutch assert control
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Unformatted text preview: Navigation Acts of 1651-1663-excluded Dutch merchants-imported goods must be carried on English or colonial ships-colonists had to ship sugar and tobacco only to England-could not trade directly with Caribbean, France, Spain-European goods had to go through England-Plantation Duty Act 1673-pay for the customs officers-imposed duties on American sugar and tobacco-encouraged economic diversification-diversity: hemp, etc.-consumer revolution Commercial Wars with Dutch-seized New York encroached on African slave trade-controlled North Atlantic commerce Tensions in the 1670s/80s-Lords of Trade 1675-Duty collectors 1673-79-first real resentment of the crown-Massachusetts Bay Colony chartered annulled, 1684-Dominion of New England...
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This note was uploaded on 10/04/2011 for the course HIST 2111H taught by Professor Hoffer during the Spring '08 term at University of Georgia Athens.

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