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mercantilism

In attempt to gain wealth and power, Great Britain started to enforce the theory of mercantilism. Their motive was to increase their prosperity using their colonies. They expected the colonies to provide them with goods and to only buy British goods in return. As a result of this attempt, the colonies were actually the ones who were benefiting from mercantilism the most. The colonies benefited economically, socially, and politically. Due to the Navigation Laws, the English were restricted only to trade with England, which lead the colonists to smuggling for profits. Americans enjoyed the rights of pure Englishmen. The colonists gained opportunities to form self-governments.

Due to the Navigation Laws, the English were restricted only to trade with England, which lead the colonists to smuggling for profits. Great Britain did not want the colonies competing with the English industry. Before the Navigation Laws, the colonies were under “salutary


Colonists gained opportunities to form a self-government. They formed assemblies, which passed the legislation. Even though England formed a “royal veto” which vetoed all the laws that conflicted with the British regulations, these assemblies were still the beginning of the colonies self-government and independence from Great Britain. Americans were not obligated to tax themselves to support a professional army. England supported the colonies with a strong army that the colonists were not required to pay for.

Even though mercantilism was intended to increase Great Britain’s wealth and power it really in turn was more favorable for the colonies. They benefited economically, socially, and politically. Through the mercantilist theory the colonists gained economic independence and self-government. Colonists found ways to go around the laws and earned their fortunes by smuggling their goods to foreign countries and earned great fortunes. They exported a lot more good

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Approximate Word count = 663
Approximate Pages = 3 (250 words per page double spaced)


  

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