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Which colonies had the best balance of trade with the mother country?
The middle colonies had the best balance of trade with england.
How did laws passed by the british after 1763 effect American trade and industry?
designed to encourage the colonies to trade with other nations
Why were the colonies so important to European nations?
trade possibilites.
What did the middle colonies base their economy on?
The middle colonies based their economy on the planting of wheat, and trade. A lot of areas were great for ports. Meaning, that the middle colonies conducted trade between the New England and Southern Colonies. Also, the areas in the middle colonies were used in trade with European nations. Wheat also soon became a very profitable item as well.
Why did Parliament want the colonies to trade only with England?
England had established the colonies in North America to make England rich.England rulers passed laws to regulate, or control, trade in the colonies.
Difference between balance of trade and balance of payment?
Balance of Trade is the accounting of goods and service imported and exported. Balance of Payments is the accounting of money owed and loaned other nations.
Which colonies had the best balance of trade with the mother country?
The middle colonies had the best balance of trade with england.
What is the real difference between balance of trade and balance of payment?
Balance of Trade is the accounting of goods and service imported and exported. Balance of Payments is the accounting of money owed and loaned other nations.
Which colonies had the best balance of trade with the England?
Middle Colonies
Which colonies had the best balance of a trade with England?
middle colonies
What are the two indicators nations rely on to measure global trade?
They are the balance of trade and the balance of payments.
Economic system in which nations develop a favorable balance of trade by exporting more than importing?
balance of trade
Did economic nationalism call for nations to strike trade deals with other nations colonies?
True
Is it true that Spain taxed nations trade with her colonies?
yes
What is Italy's balance of trade?
money
How did colonies make money?
Through trade, primarily.
How did laws passed by the british after 1763 effect American trade and industry?
designed to encourage the colonies to trade with other nations
