What issues caused the American Revolution?
The American Revolution was principally caused by colonial opposition to British attempts to impose greater control over the colonies and to make them repay the crown for its defense of them during the French and Indian War (1754–63).
What was the main item that England wanted from the colonies?
Their competition often led to wars. The mercantilists reasoned that even wars were worth the price, because each colony would be a help to its conqueror. England needed raw materials that her colonies could supply. Lumber, wool, iron, cotton, tobacco, rice, and indigo were among the products needed in England.
What did England provide to the colonies quizlet?
The colonies provided England with raw materials for manufacturing. By the mid-1700s, what did England provide to the colonies? Each colonial legislature operated fairly independently from England. Explain one way that these legislatures could exercise control over their royal governors.
Why did the colonists want gold?
The Jamestown Settlers Came Looking for Gold After hearing stories of the success the Spanish found in South America, Virginia Company investors thought it would be simple enough to find gold if they too started a new settlement. The settlement was named Jamestown, after King James I, who granted the charter.
Why did the British want the colonists to only trade with them?
Trade was restricted so the colonies had to rely on Britain for imported goods and supplies. There were no banks and very little money, so colonists used barter and credit to get the things they needed. Following the French and Indian War, Britain wanted to control expansion into the western territories.
Did England allow the colonists to trade and send raw materials to other countries?
**England made the colonies use their own ships for transporting raw materials. If the colonies wanted to sell goods to another country then they had to pay a duty, or tax. Navigation Act. Discouraged trade between American colonies and other European nations by increasing costs and giving profits to England.
What are the advantages and disadvantages of mercantilism as an economic system?
Mercantilism leads to more trade, which will lead to economic growth. The increasing trade will certainly spike demand and hence industrial growth will follow. It is not confined to any one industry. Export of foods will lead to growth in agriculture.
Is mercantilism positive or negative?
Mercantilist policies focus on the accumulation of wealth and resources while maintaining a positive trade balance with other countries. By maximizing exports and minimizing imports, mercantilism is also viewed as a form of economic protectionism.
What is a con of capitalism?
A profit maximising capitalist firm is likely to ignore negative externalities, such as pollution from production; this can harm living standards. Similarly, a free-market economy will under-provide goods with positive externalities, such as health, public transport and education.
What was the mother country of the colonies?
Great Britain