What was the significance of the Navigation Acts?
Enforced mercantilism, restricted colonial trade to Britain, and caused colonial resentment.
What was the impact of 'Salutary Neglect'?
Allowed colonists economic freedom, later reversed to pay off war debts, causing tension.
Describe the Triangular Trade.
Americas provided raw materials, Europe provided finished goods, and Africa provided enslaved people.
What was the role of the West Indies?
Crucial for sugar and molasses; New England traded for goods and enslaved people.
What was the impact of mercantilism on colonization?
Fueled European colonization, as colonies provided raw materials and markets.
What was the impact of the Transatlantic Trade?
Led to a massive exchange of goods, people and ideas between Europe, Africa, and the Americas.
What was the effect of restricting colonial trade?
Stifled economic freedom, preventing colonists from selling to the highest bidder or buying from the cheapest source.
What was the effect of the Navigation Acts on some colonists?
Some colonists producing shipbuilding materials and tobacco had a guaranteed British market.
What was the effect of the Navigation Acts on the South?
The South resented British control over prices and the products they were forced to buy.
What was the effect of the Triangular Trade on slavery?
The Triangular Trade fueled the transatlantic slave trade.
What is Mercantilism?
Economic theory (1500-1750) emphasizing wealth (gold/silver) as power; export more than import.
What are the Navigation Acts?
British laws restricting colonial trade to Britain only, enforcing mercantilism.
What is the Triangular Trade?
Trade route between the Americas, Europe, and Africa involving raw materials, finished goods, and enslaved people.
Define 'Salutary Neglect'.
British policy of relaxed enforcement of trade regulations in the colonies.
What is the Transatlantic Trade?
Exchange of goods, people, and ideas across the Atlantic Ocean between Europe, Africa, and the Americas.
What is a Mother Country?
The colonizing country that benefits the most from the colonies' resources and markets.
Define Exports.
Goods or services sold to another country.
Define Imports.
Goods or services bought from another country.
What is a raw material?
Basic substance used to make goods.
What is a finished good?
A manufactured product ready for sale.
What were the causes and effects of Mercantilism?
Cause: Desire for wealth and power. Effect: Colonization, Navigation Acts, colonial resentment.
What were the causes and effects of the Navigation Acts?
Cause: Enforce mercantilism. Effect: Restricted colonial trade, smuggling, colonial resentment.
What were the causes and effects of the Triangular Trade?
Cause: Mercantilism, demand for labor and resources. Effect: Exchange of goods/enslaved people, economic development, slavery.
What were the causes and effects of 'Salutary Neglect'?
Cause: British inattention. Effect: Colonial autonomy, economic growth, later tension when ended.
What were the causes and effects of colonial resistance?
Cause: Mercantilism and trade restrictions. Effect: Increased tension with Britain, smuggling, desire for economic freedom.
What were the causes and effects of the West Indies connection?
Cause: Demand for sugar and molasses. Effect: New England rum production, trade for enslaved people, economic interdependence.
What were the causes and effects of the Transatlantic Trade?
Cause: Desire for resources and markets. Effect: Exchange of goods, people, and ideas, shaping the modern world.
What were the causes and effects of limiting economic freedom?
Cause: Mercantilism. Effect: Colonial resentment, desire to sell to the highest bidder or buy from the cheapest source.
What were the causes and effects of a guaranteed British market?
Cause: Navigation Acts. Effect: Some colonists benefited, producing shipbuilding materials and tobacco.
What were the causes and effects of British control over prices?
Cause: Mercantilism. Effect: The South resented British control over prices and the products they were forced to buy.
