Mercantilism - Mercantilism I Mercantilism(16th-18th c South Carolina crops tobacco sugar indigo rice naval Mercantilism government should

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Mercantilism I. Mercantilism (16 th -18 th c.) South Carolina crops – tobacco, sugar, indigo, rice, naval Mercantilism: government should intervene in colony Most sound economic model at the time A. Fixed Amount of Wealth in the World All the wealth was out there and would never grow Wealth: gold and silver B. Favorable Balance of Trade Export more than you import (goal) When you export, you’re getting more money C.1. Produce what Mother Country does not Caribbean nations – i.e. sugar Wrapped in indigo C.2. Should Not Compete with Mother Country Whatever England was producing (barely) the colonies couldn’t C.3. Produce Raw Materials England doesn’t want finished products (indigo) C.4. Buy British Finished Products A way to foster economic dependence Clothing and goods (Britain makes) C.5. Create Wealth for Mother Country – Employment Created jobs for the English, where naval stores come in
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 01/11/2012 for the course HIST 111 taught by Professor Onlinecourse during the Fall '08 term at South Carolina.

Page1 / 2

Mercantilism - Mercantilism I Mercantilism(16th-18th c South Carolina crops tobacco sugar indigo rice naval Mercantilism government should

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online