Colonialism, Mercantilism and Navigation Acts

 

Taking control of an area and then sending citizens from your country to live there

• Navigation Acts

• Migration

• Mercantilism

• Colonization

 

A belief that a country’s security depended on selling more products than it bought (maintaining a positive trade balance); establishing colonies who would sell raw materials to the home country at low prices and who would in turn buy what they needed ONLY from the mother country

• Navigation Acts

• Mercantilism

• Triangular Trade

• Middle Passage

Imports

• A person or company who sells goods/products (merchandise)

• In: goods coming into a country

• Exit: goods going out of a country (selling)

• The specific laws passed by England to control the trade

Exports

• A person or company who sells goods/products (merchandise)

• In: goods coming into a country

• Exit: goods going out of a country (selling)

• The specific laws passed by England to control the trade

Farm crop raised be sold for money

• Navigation

• Mercantilism

• Back Country

• Cash Crop

A material or substance found in nature that can be used to sustain a society or exploited for economic gain, such as trees, minerals or living things.

• Natural Resource

• Charter

• Mercantilism

• Cash crop

What is a raw material?

• A completed product

• A resources used to make a product

What did the European countries do with the raw materials?

• Turn them into finished products

• Re-sell them to other Colonies

• Re-sell them to other Countries

• Trade them away

 

A series of laws passed by the English Parliament in the 1650s that established rules for trade between England and its colonies (2)

• Triangular Trade

• Mercantilism

• Colonization

• Navigation Acts

What was the goal of the Navigation Acts?

• To loosen up restrictions on the colonies

• To help people navigate the ocean

• To regulate trade so Europe could make more profit

• To sell the colonies to France