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Trade In Colonial Times Essay

622 Words3 Pages

Trade Intro Long ago, buying and selling items was very different from going to Target or ordering off Amazon today. In Colonial times, sending items to trade was expensive for those buying its passage. Trade company owners would become very wealthy, and traders became poor. A behind the scenes look at the lives of owners, traders and slaves lives to see how their lives went. Products There were many goods that people traded. Some of the the common products included rice, tobacco, and wheat. Most of those resources were much needed to survive, but chewing on tobacco was a habit for most of the people in Colonial times. Tobacco was the most popular good to trade. Some of the items were unusuale like pickled …show more content…

Most (if not all) of the shipping company’s owners were wealthy. They had to be wealthy because the owners had to buy cargo ships to to use for trade. They also had to buy slaves, and pay for crews to work on the ships. It was all worth the money, because there were over 1,000 customers who bought passages for their crops and products to sell in England, making the owners very wealthy and they were able to wear blue clothes (blue clothes were expensive at the time). People in England also bought passage for their crops and products to sell in the Colonies. The company’s headquarters were almost always near the docks where their ships were located. Moreover, when planning routes the company's workers would have to plan to avoid pirates at sea. Not only that, but most people think that shipping companies only carried products in Colonial times, but the companies also carried mail and was the closest thing to a postal service back then. The company owners almost never went on the ships they ordered to go to England, so they could make the decisions on discounts and to raise and lower prices as needed. If they went to England they would have no way of knowing if business was failing and to know if they needed to change the prices while they were gone. If farms wanted to trade with England, the owners would have to have a lot of money. If they didn’t have a lot of money, they would have had to try

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The problem that arose, was when these ships, stocked for London, departed from their foreign ports. According to the text, an “Act of Parliament passed in the seventeenth year of the reign of King George” is what stirred the commotion on the high seas. It was while sailing that trades and smuggling would occur with ships from within the East India Company, in order to transport the illegal contraband to other bidders. Similar to the Acts passed by Parliament on wool running, the East India company also sought

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Tobacco is what saved the Jamestown settlement and helped it enhance its resources that deemed it valuable. And tobacco continued to be an important part of the colonies exports in 1750, “Tobacco was by far the most important export from British North America…” (Roark 122). This quote emphasizes the significance that tobacco held in the colonies market. Another difference between 1650 and 1750 economically would be the population spike in 1750.

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The English also seeked raw materials that were scarce in England, and were costly when buying from other countries. The New England area had an abundance of timber that was sent to England to build ships. This timber, and other raw materials became the driving force of New England economy, because of the high demand in England. In England, there were much higher inflation rates, and lower pay than in the colonies, due to the saturated market. Therefore, the American colonies held more economic opportunities than England, with the chance of expanding their

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Almost everything that was manufactured came from England, including the ships that made the transatlantic voyage. As a result, the colonies were underdeveloped and lacked internal

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Like other imperial countries, he wanted to encourage mercantilism, which would strengthen England. Limitations such as Navigation Act of 1660 meant only certain products could be sold and shipped to England and other colonies; The Staple Act stated that all foreign goods had to be loaded and reloaded at English ports with English ships; and Revenues Act of 1663 required that ship captains transporting certain colonial goods pay a "plantation duty" on any items not delivered to England” (Jelatis). This only allowed for England to make a profit off of trade, which in the long run negatively affected the colonists. This occurred because King Charles II believed that it was the duty of the colonies to create money for England, but it began to impede on the colonists’ ability to establish commerce in the late 18th

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There were also many ocean products in the New England colonies that they traded. If there were other things that also has to do with trading, then find it right in front of you. The rocky New England trading This is the Triangular Trade route as it shows as triangle

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The English Colonies alongside the Atlantic Coast in the 1600’s - 1700’s began with the failed attempt to establish the Roanoke Colony in Virginia, which was later surpassed by the Virginia Company, a joint stock company, that established the colony of Jamestown in the Chesapeake Bay area. Following the success of the establishment of Jamestown was a series of devastating events known as the “starving period”, which caused scare food sources, conflicts with natives, and starvation that characterized the lives of the early settlers. However, once the government had a stable foundation of laws, and once people started to settle into the colonies, the menacing conditions transpired into renowned opportunities. As these opportunities arose, so did the differences amongst the colonies and the reasons for leaving England. As people continued to settle into these colonies, England found ways to become highly profitable through a system called mercantilism, which provided it with sustainable wealth.

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