U.S. History Standard 1 & 2

What is mercantilism?

• A system where a mother countries gains money and power from natural resources that come from its colonies.

• where colonies trade gold and silver with each other.

• Wars that start over money.

• Plantation colonies trading slaves for money.

EXPORTS of the 13 colonies included:

• Manufactured goods

• Raw Materials

• Slaves

• Gold

Wood, water, bricks, corn - are all from the earth. These are called: ____________.

• finished products
• mercantilism
• plants
• raw materials

Raw materials are used to make the things we make ourselves or buy in stores. Those things are:___________.

• raw materials

• manufactured goods

• natural resources

• from the earth

Land the mother country takes in a distant place and uses to make money for itself is a _____________. 

• mercantilism
• conversion
• colony
• city

According to the economic policy of mercantilism, European nations desired to increase their wealth, power and prestige by

• establishing colonies in the New World

• buying imports from their rival nations

• isolating themselves from the rest of the world

• ALL answer choices

According to the policy of mercantilism, was Georgia the mother country or the colony?

• colony
• mother country

Navigation Acts

• 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

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