8/11: Mercantilism and Jamestown

What is the economic theory that motivated Great Britain to create colonies?

• Socialism

• Mercantilism

• Capitalism

• Feudalism

Why did the British believe that having colonies would increase their wealth?

• Colonies would provide finished goods

• Colonies would provide raw materials and open markets for British goods

• Colonies would increase population

• Colonies would reduce taxes

Why did the Navigation Acts hurt the colonies?

• Colonists made less money

• Colonists gained more independence

• Colonists received free goods

• Colonists were allowed to trade freely

What was one positive outcome of the Navigation Acts for New England?

• New England built more ships

• New England stopped trading

• New England lost all its ships

• New England became part of France

Which of the following best describes the main purpose of the Navigation Acts?

• To help England make more money

• To give colonies more freedom

• To encourage colonists to trade with France

• To allow free trade between all countries

Which raw materials were commonly traded from North America in the Trans-Atlantic trade?

• Cotton, indigo, lumber

• Gold, silver, spices

• Tea, coffee, silk

• Oil, coal, iron

Based on the diagram, which direction did raw materials primarily travel in the Trans-Atlantic trade?

• From Europe to Africa

• From Africa to North America

• From North America to Europe

• From Europe to North America

Explain how the shape of the Trans-Atlantic trade route influenced its nickname, and discuss the significance of this trade pattern for the regions involved.

• The route was circular, which made it efficient for trade, and it led to equal wealth distribution.

• The route formed a triangle, connecting three continents, and it significantly impacted the economies and societies of North America, Europe, and Africa.

• The route was a straight line, making it the fastest trade route, and it only benefited Europe.

• The route was random, with no specific pattern, and had little impact on any region.

What type of company was the Virginia Company?

• Joint-stock company

• Sole proprietorship

• Limited liability company

• Partnership

What was the main goal of the Virginia Company?

• To find gold and other valuable resources for profit

• To establish religious freedom

• To create a new monarchy

• To build a military outpost