TERM 1
Three elements of mercantile theory?
DEFINITION 1
1. Export more than Import2. measure countries economic
wealth (Silver and Gold)3. A nation with colonies has a
distinct advantage
TERM 2
Five measures the British used to enforce the
Mercantile System?
DEFINITION 2
1. Navigation Act (only British ships cou ld carry American goods)2.
America first had to land in England Po rt to pay a tax.3. Even the
crops had to ship to England even if it more expensive.4.
Manufacturing was forbidden for some products. (Staple Act)5.
Banks had shortage of silver and gold, colonies started to print
money but soon ended "Royal Veto"
TERM 3
Fiver merits of the Mercantile System?
DEFINITION 3
1. navigation laws were loosely enforced until 1763.2.
England paid price supports to ship buliders.3.Tobacco was
outlawed to grow in England and Ireland.4. Equal rights as
Englishmen as well as opportunity for self-government.5.
Didn't have to support professional Army .
TERM 4
Sugar Act (1764)
DEFINITION 4
Lowered tax on molasses but increased the measures to
collect it. (First tax ever raised in the colonies from the
crown).
TERM 5
Quarter Act (1765)
DEFINITION 5
Required colonies to provide food and shelter to the British
troops.
