The Navigation Acts were an attempt to put the theory of Mercantilism into practice in the British colonies. The object of mercantilism was to minimize imports that cost the nation money, and maximize exports that made the nation money. Colonies were a means of reducing England's dependence on foreign nations. Each colony would provide a raw material to England and this would allow the nation to not have to purchase that product from another nation. By establishing colonies loyal to the Crown, Great Britain would be expanding a dependable market for the finished products coming out of British industries. The Navigation Acts required that all colonial trade be carried in vessels built and owned by English or colonial merchants. The ships had to be manned by crews composed of British seamen. The Acts also required that European nations must sell products to the colonies by first stoping at English ports where they would have to pay a customs duty (tax). The products were checked and then were permitted to travel to the colonies. All products had to go through these ports controlled by England. This made the cost of the product more expensive but protected the trade of Great Britain. Certain materials from the colonies could only be shipped in British or colonial ships and had to be sent to England first. The product was then taxed and allowed to be sent to its destination in whatever European nation. Colonial products could not be shipped directly to any foreign nation.
Economics :)
Navigation Acts
It restricted their trade.
Under capitalism, merchants were able to conduct unrestricted international trade. Under mercantilism, international trade was restricted.
Because mercantilism was an economic and political theory emphasizing money as the chief source of wealth
Restricting imports
Navigation Acts
Economics :)
It restricted their trade.
user-generated content: report abuse The British system of mercantilism was opposed by many American colonists because it? they had tasted economic independence for too long of a period just to sink back to british mercantilism policies
Under capitalism, merchants were able to conduct unrestricted international trade. Under mercantilism, international trade was restricted.
Mercantilism emerged as an economic theory in the 16th century, particularly in Europe, and influenced economic policies of various countries until the late 18th century.
Because mercantilism was an economic and political theory emphasizing money as the chief source of wealth
Mercantilism is the theory and practise of political economy in Europe after the decline of feudalism, based on national policies of accumulating gold, establishing colonies and a merchant marine fleet, and developing industry and mining to attain a favourable balance of trade.
Lamarck hypothesized that organisms evolved through the inhertitance of acquired charactaristics.
No, mercantilism was primarily an economic theory focused on maximizing the wealth and power of the state through policies such as regulating trade, accumulating precious metals, and establishing colonies. While some European powers did spread Christianity as part of their colonial efforts, this was not the primary goal of mercantilism.
They hated the mercantilism