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The Merits And Menace Of Mercantilism

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Unit 1 Chapter 7 The Road to Revolution The Americans had troubles complying with the new British control after the Seven Years War; they wouldn’t pay necessary funds and also had a growing sense of national identity The Deep Roots of Revolution The Americans had a world that they could make their own, thus upraising nationalistic ideas Republicanism: citizens surrendered their selfish demands for the greater good Opposed aristocracy and monarchy ”Radical Whigs”: warned people to be aware of government corruption and to resist that corruption Americans had grown into a country accustomed to running it’s own affairs, so when the British came in 1763 to get a better hold over their colonies, Americans resisted The circumstances of colonial …show more content…

Navigation Laws were passed (1650) to keep outside commerce away from America (no competition) Money shortages occurred in the colonies due to the uneven purchasing of goods between Britain and America (Gold and Silver bullions) & paper currency was depreciated Colonists bought more from Britain than they sold there, is the difference had to be made up for in cash Britain had a veto on American laws, and although it wasn’t used very often Americans hated it The Merits and Menace of Mercantilism Mercantilism (pre 1763) wasn’t too bad In theory the British mercantile system seemed thoroughly selfish and deliberately oppressive Americans got benefits: ship parts were paid for, tobacco= British monopoly, protection by the British army…… NO COST Annoying things about it: America had to depend on Britain (economic initiative) felt like they were trapped in economic adolescence and couldn’t “grow up” Revolution broke out, as Roosevelt said because Britain failed to recognize an emerging nation when he saw one The Stamp Tax Uproar Britain was in great debt (140 million) from protecting the Americas in the 7 Years War, so it wanted to justify their relationship Emerged from the Seven Year’s War holding one of the biggest empires in the …show more content…

2 soldiers were guilty of manslaughter, but were later released after being branded The Seditious Committee of Correspondence British acts were not following through. King George III (1770) was attempting to assert the power of the British monarchy.. good man but bad ruler- surrounded himself with “yes men” (LORD NORTH) Townshend Acts failed to produce revenue & non importation acts were hurting the British Sam Adams organized the committees of correspondence (first in 1772, but later they were in 80 different towns) Function: spread resistance and British opposition Evolved in America’s first congresses Tea Brewing in Boston The dispute over tea taxes finally settled down, but then the British East India Company faced bankruptcy and had 17 million pounds of unsold

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The chapters of our textbook, America: A Narrative History, written by George Brown Tindall and David Emory Shi, takes us on a historical yet comparative journey of the road to war and what caused the American Revolution, an insight into the war itself, and a perception to what life was like in America after the war was over. The essays of the book, America Compared: American History in International Perspective, collected by Carl J. Guarneri gives us a global context and a comparison between the North and South Americas in the dividing issues of labor, slavery, taxes, politics, economy, liberty, and equality. Part One These chapters in our textbook Tindall describes; the road to the American Revolution, the road to the surrendering of the British, and the road to the American colonists receiving their independence and developing the government which the people of the United States will be governed by. The road to the American Revolution consisted of several events, which escalated to the war that began April 19, 1775, as the tensions between the American colonies and the British Government advanced towards breaking point.

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The British men gathered full control of the trading center present in the Americas, and created the Navigation Acts to help aid them in their tactics to take control over all trade within the Americas. The Navigation Acts were passed under a mercantilist system, and was used to regulate trade in a way that only benefitted the British economy. These acts restricted trade between England and its colonies to English or colonial ships, required certain colonial goods to pass through England before export, provided subsidies for the production of certain raw goods in the colonies, and banned colonial competition in large-scale manufacturing. This lowered the competition in the trading world for the British and caused the British to have a major surge in power, that greatly attributed to the growth of their rising empire. The British’s ambitious motives in the trading world help portray a way that the British took control of an important piece in the economy of all of the other nations present in the colonies in the time period, and shows another leading factor in the growth of the British empire.

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Between 1763 and 1775, there were three ‘Imperial Crises’ which occurred between the British and the American colonists. The conflict that was produced during this period arose through an undefined balance of political and economic power between the two parties. In 1763, Britain had just concluded the French and Indian war and was left with an immense and almost crippling debt of around 140 million pounds sterling (“Turning Point In American History”). In Britain’s eyes, the most effective way to reduce this debt was increased taxes. Unfortunately, the people of England were already massively overtaxed, which meant the last option for the British was to tax the American colonists.

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Soon after the Seven Years’ War, the British and the colonists learned that victory came with a rather expensive price (Kennedy, Cohen, & Bailey, 2010). Great Britain tightened its grip on the colonies in North America, expecting colonists to pay for their financial struggles. In order to make colonists pay for the war, Great Britain reminded the North American colonies who had authority by controlling the colonists to submit to various ordinances ratified by British Parliament. This action only showed that arrogance leads to rebellion socially, economically, and politically. Socially, a lack of communication between Great Britain and the North American colonies was to blame for the Revolutionary War.

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Mercantilism is the belief of profitable trading, or an economic theory that a nation’s strength comes from expanding trade. The characteristics of a mercantilism includes economic, foreign trade, commerce and industry, population, taxation, factors of production, and commercial regulation. Mercantilism favored and benefited Great Britain because the colonies could only ship raw materials. In contrast to this, mercantilism also favored the colonies because they always had a market for their goods. I believe the statement, “Mercantilism was actually more favorable to the colonies than to Great Britain” is mostly untrue because the colonies had to rely on Great Britain and they passed laws exclusively benefiting the British.

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