Mercantilism

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Chapter 3

• Section 1

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Mercantilism

• Mercantilism is an idea on how the economy should
  work.
• A country needs to accumulate gold and silver by
  having more exports than imports.
• A country needs to have raw materials in order to
  produce goods.
• It wasnt a good system for colonies with no raw
  materials.

3
The Navigation Acts

• Charles II implemented these acts to help England
  exploit colonial trade.
• The colonists could only trade goods with England
  which upset them.
• The English merchants charged much more for
  shipping and the farmers profit was minimal.
• The Staple Act made all goods imported to the
  colonies have to go through England with a huge
  tax.

4
Navigation Acts

• Due to the problems with the acts many colonial
  merchants broke the law.
• Due to this England created officials to monitor
  trade.
• Massachusetts would smuggle many goods all over
  the world which began a poor relationship between
  themselves and England.

5
Navigation Acts

• The Dominion on New England grouped these
  colonies together in order to monitor trade.
• England took most powers from these colonies for
  punishment.
• Freedom of religion was something taken that
  infuriated the Puritans in the area.

6
Glorious Revolution of 1688

• The Glorious Revolution was when William and Mary
  replaced James II on the English throne.
• The English Bill Of Rights abolished the kings
  absolute power in judicial areas.
• It also required consent from the Parliament
  before taxing or raising an army.

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Glorious Revolution

• The Bills also abolished cruel and unusual
  punishments.
• The American Bill Of Rights would incorporate
  many of the same ideas.
• Once word had reached the colonies of James II
  end they destroyed the Dominion of New England.
• The Glorious Revolution showed that revolution
  against a king could be justified.

8
Glorious Revolution

• John Locke wrote a political science book
  entitled Two Treatises of Government.
• He explained that people had certain natural
  rights that couldnt be taken away from people
  for no reason.
• If monarchs took rights then they were guilty and
  should be removed.