3. Mercantilism
• The idea that a nation should
try to build up wealth (GOLD
and SILVER)by exporting more
than it imports.
• Colonies are created to
provide natural resources and
raw materials to the parent
country.
• The colonies could only trade
with its parent country, so that
all wealth would go to the
parent country.
4. Triangular
Trade
• A pattern of trade developed between England, the 13 Colonies,
Africa, and the West Indies.
– Colonies provide Raw Materials to parent country
– Parent country makes manufactured good from raw materials
– Manufactured goods shipped to markets around the world
including the colonies.
5.
6. Transatlantic Slave Trade
• The portion of Triangular Trade carrying
slaves from Africa to the Caribbean and
the Colonies was known as the Middle
Passage.
• During the journey, slaves experienced
Cruel treatment, poor sanitary conditions,
starvation, disease, and overcrowding.
• “...two of my wearied countrymen who
were chained together, preferring death
to such a life of misery, somehow made
through the nettings and jumped into the
sea...” Olaudah Equiano
7.
8. Navigation Laws (1650-1763)
• 13 Colonies could only trade with
England on English ships and must
pass through English ports.
• If the Colonies traded with another
country there were extra taxes
added on to the price.
• The Colonies could make more
money if they traded with other
countries.
• Many Colonial merchants would
often illegally trade (smuggle)with
other countries.