This stimulated what has been termed as an ‘economic revolution’ in Britain and the economy began to rely on the raw materials provided by these new areas of land. Protecting trade meant having control of the areas providing the raw materials, and this became a key factor in encouraging imperial control. 2) East India Company: Based in London and founded in 1600, the company was given a monopoly over British trade with the East. It was given power by the British crown to negotiate and wage war on its behalf. Despite gaining trading rights in India from the Moghul Emperor in 1617, by 1680 the company’s future was uncertain and they had to rely on the costly support of the Moghuls to protect them.
Both the Spanish and the Ottomans took part in the slave trade. The Ottoman Empire's economy grew vastly because they had control of the trade routes and they could increase trading taxes whenever they pleased to however much they pleased. The Ottomans were constantly capturing more and more land. The Spanish were able to take part in the Columbian Exchange by forcing the natives to work on encomiendas. Both the Ottomans and Spanish had much power over trade because they captured land and turned to Africa for more slaves.
After the Proclamation they also had tension due to the fact that the British passed acts to pay for the money they lost to pay for the war. British Order in Council of 1763 states to king George the III, “we find that the revenue ….and is not yet sufficient to defray a fourth part of the expense necessary for collecting it” (Doc F). The council states that they need control in trade and territory which also played along with the Proclamation. They wanted to enforce Mercantilism, which made the colonist only able to trade with Great Britain and import more than they export. This was to solve the money issues and to allow George to tax people.
Both the New England colonies and the Spanish Southwestern settlements in America offered a chance at a new life in what was literally thought of as as a different world. Although both settlements were created because of opportunity, both had substantial factors that differentiated the two. The Spanish settlements in the Southwest and the English settlements in the Northeast colonies of New England differed economically, politically and religiously as the Spanish sought to establish influence and the English sought to establish long-term settlements affecting the outlook in both regions. One of their primary differences was their economies. The greatest economical difference between the Spanish settlements and the English settlements was that the English focused on sustaining an agrarian style of cultivate land.
The Impact of Mercantilism on Colonial Trade Mercantilism impacted colonial trade because it changed the way the Americans could import and export. Mercantilism demanded that for economic strength to develop, a nation needs to export more than it imports. The English passed regulatory laws that benefited the British economy. These laws made a trade system were the Americans shipped raw goods to Britain, and Britain used the raw goods to make manufactured goods that were sold in the European markets and at the colonies. Since they only supplied raw goods, the colonies could not compete with Britain in manufacturing.
This meant that the government now began to take authority of the economy and thus give more power to the federal government. Furthermore the government began to generate more revenue through government bonds and tax. With the use of propaganda the government received vast sums of finance from the American people, its Liberty Bond drives dominated the financial capital markets. It turned the newly created Federal Reserve System into a powerful engine of monetary inflation to help satisfy the government’s appetite for money and credit even certain
Although it is debatable which of these two influential factors was more dominant in American history, it is possible that they coincide with one another, as revealed by many documented events. Self-interest can be seen in many of the writings throughout American history. The mercantile system, as exhibited by the British on the colonies, was an extremely hedonistic approach to gaining wealth for themselves. Mercantilism, as set forth by the Navigation Acts, imposed strict and extremely descriptive laws that would limit and exploit trade in the colonies, allowing Britain to control the wealth and profit of materials and goods in America. These acts were used to keep the colonies from trading with any other countries.
In this book, he has explained which groups of people were interested in imperialism. Makers of cotton and iron materials, for example, were interested in imperialism very much. These two groups, later on, were strengthened trough a demand of colonial raw materials. There were ship-owners who were interested in coaling stations for safety of their vessels and naval bases. The most important and the most powerful business group were the bankers.
When Great Britain governed early America they taxed the, not just because they were in debt, they wanted to make money. They also imported tobacco from America. When America went overseas to expand to Hawaii they didn’t just annex Hawaii they added all the sugar plantations on Hawaii. Also sort of like Great Britain we made money off of Hawaii’s sugar. I think that if your going to be imperialistic you have to justify your self in overseas expansion and economic boosts.
Lastly, the economic causes which was the need of new markets in which to sell their manufactured goods, Europeans needed raw materials to keep their factories busy, and place to infest profits. The political causes are the European needed bases for trade and navy ships and the spirit of nationalism. Document 3 is an excerpt, from Raymond Aron’s book The Century of Total War, suggests another cause for imperialism. For example, a nation should be in power and should be motivated for the quest of capitalist profits. In document 4 Cecil Rhodes, a successful British imperialist in Africa, expressed his position in Confession of Faith, written in 1877.