Mercantilism in 13 American Colonies

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Although Mercantilism largely served its purpose to enrich the parent country, during the 17th century this policy operated by England rather influenced its 13 colonies both negatively and positively, paving the way for resentment and Adam smith’s capitalistic society to present day. According to mercantilist doctrine, a nation should exercise full control of trade and production leading to a much more garnished and self sufficient economic system. In order to display full direct authority on its assets, English government put forth the acts of Trade and Navigation—that is in other words implying full control on imports/exports and certain goods that were only allowed to be exported to England itself. Although positive economic results would be seen through the perspective of England, these results would be overshadowed by more influential affects on the 13 colonies, politically and economically. Economically, England would directly govern its colonies via the Navigation Acts establishing three major rules. Imports and exports from the colonies and England could only be carried by British/colonial made ships operated by the British. All goods imported into the colonies were required to pass through ports located in England. And finally, select goods, but really all goods from colonies would be exported to England only. This policy led to major developments in the colonies by maturing the highly potential ship building industry along harbors in the New England colony. However, this rather helped England establishing itself at the highest ranking for shipping overseas commerce in the world, thus resulting in the colonies with less overseas shipping power. In addition, England’s restrictions on trade to foreign nations resulted in a 1 to 1 trading environment overseas instead of multiple nations being involved in the ratio. These restricted goods included tobacco,
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