Under mercantilism, Great Britain expected its American colonies to provide raw materials and resources that could be used to fuel the British economy and manufacturing. The colonies were seen as a source of wealth, supplying goods such as tobacco, sugar, and cotton, which were essential for trade and production in Britain. Additionally, the colonies were expected to serve as markets for British manufactured goods, ensuring a favorable balance of trade for the mother country. This system aimed to enhance national power and economic self-sufficiency.
Mercantilism guided the British to view the New World as a place filled with raw materials. They expected the American colonies to serve their mother country by collecting these materials and giving/trading it with it's mother country as well as it's sister countries.
Mercantilism significantly shaped the economic landscape of the 13 colonies by promoting a system where colonial economies were structured to benefit the mother country, Britain. The colonies were expected to supply raw materials, such as tobacco and timber, while purchasing finished goods from Britain, leading to a trade imbalance. This system fostered economic dependence on Britain and limited the colonies' ability to develop their own industries. Ultimately, the restrictive mercantilist policies contributed to growing resentment and a desire for economic independence, which fueled revolutionary sentiments.
According to the theory of mercantilism, colonies should primarily focus on producing raw materials and resources for the mother country, which would then manufacture goods for trade. Colonies are expected to supply these resources at low costs while also serving as markets for the mother country's finished products. This system aims to enhance the economic power of the mother country by maintaining a favorable balance of trade and accumulating wealth, particularly in gold and silver. Ultimately, colonies should function to support the economic interests and growth of the empire.
Under mercantilism, the role of the colonies was to serve as sources of raw materials and markets for the mother country's manufactured goods. Colonies were expected to produce specific commodities that were in demand in Europe, thereby enriching the parent nation. This system aimed to create a favorable balance of trade by ensuring that exports exceeded imports, ultimately enhancing national wealth and power. Additionally, colonies were often restricted from trading with other nations to maintain economic control.
Market for northern industry and southern agriculture
Mercantilism guided the British to view the New World as a place filled with raw materials. They expected the American colonies to serve their mother country by collecting these materials and giving/trading it with it's mother country as well as it's sister countries.
In a mercantilism system, colonies were expected to serve the colonial power. Grenville reasoned that the colonists would not oppose small tax increases.
In a mercantilism system, colonies were expected to serve the colonial power. Grenville reasoned that the colonists would not oppose small tax increases.
In a mercantilism system, colonies were expected to serve the colonial power. Grenville reasoned that the colonists would not oppose small tax increases.
Market for northern industry and southern agriculture
Market for northern industry and southern agriculture
Creating markets for both southern agriculture and northern industry.
France expected that their colonies would always be part of France. Britain trained their colonies to be self-governing.
France expected colonies would always be apart of France.
France expected that their colonies would always be part of France. Britain trained their colonies to be self-governing.
France expected colonies would always be part of France
Raw Materials and markets for British products.