British Mercantile Policy and the American Revolution Essay

723 WordsApr 10, 20133 Pages
BRITISH MERCANTILE POLICY AND THE AMERICAN REVOLUTION Historians have debated the influence of Britain’s mercantile policy in the coming of the American Revolution. In my opinion, I think it was not a causal factor in the causing the war. Far from causing harm, the Navigation Acts brought enormous benefits to Americans, who did not object to mercantilist policies As we all know, mercantilism was formed in West Europe during the 15th and 16th century. The early mercantilists pursued the increase of the precious metals as currency in their own country. The requirement was to buy fewer foreign products but sell more of their own goods in order to achieve the purpose of maximizing the accumulation of precious metals. However, with the development of commercial economic, the worldwide economic exchanges and the merchandise trade are growing prosperity, but the trade expansion of the competition is increasing. Thus the mercantilists began to promote “Trade Surplus Differential theory” they thought they only need to ensure the sufficient trade surplus in order to increase in national currency. This is the late mercantilism. The center of the late mercantilist is Britain. From the late 16th, the British foreign trade account for the Dominant position of their national economy. In order to occupy the international market further, the British promote the colonial expansion activities more and more and North America is a focus of British colonization. The late mercantilism promotes the development of the British North America. For example, the tobacco industry which the immigrants soon discovered tobacco trade could bring them much benefit. In Virginia and other regions the colonist became prosperous quickly. Under the support of the mother country, the Virginia Chesapeake Bay District of tobacco occupied the British market soon. Tobacco farming and tobacco trade not

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