Econics In Colonial America
During the 1500's to 1800's, the strength and stature of a country depended upon its political power, which can be traced to how self-sufficient it was. Striving to be self-sufficient was what nations sought after; dependency was not a characteristic of a powerful nation. Raw materials were the most required item to strengthen the central government, and deter interactions, such as trade with other nations. The first country to introduce mercantilism in America was Spain. The Spanish American colonies were not allowed to trade directly with Europe. Instead they had to funnel all of the sugar and tobacco, two common commodities of the new land, through Spain. When this was done, heavy custom duties were imposed and the central government gained. Spanish American colonies were forced into providing precious metals and raw materials to the mother country. These colonies existed only to enrich Spain, even if the economic policies adversely effected the well-being of the colonies. This grip caused the central economy of Spain to grow at the expense of the colonies. During the duration of this period, the 1500's through the 1700's, mercantilism had a major effect on the economies in the new world. English speaking colonies were eff
that the Molasses Act was ineffective, they amended it with the Sugar Act (Morison and Commager). Bribing customs officials into taking 1 and a half pence per gallon not to notice the cargo being unloaded was how the Molasses Act failed. To do away with this problem, the British cut the tax by fifty percent and strictly enforced it. provided for a naval officer in all colonial ports to insure the upholding of the mercantile law. From the American stand point, the Staple Act meant higher prices and a blatant attempt of the British to exploit America for the benefit of the English merchants. There was no need for the Staple Act to be passed. The Act served no other purpose other than the enrichment of the British people and strengthening of the central government. Now the colonies were objecting to the decreased tax. Before, the tax was not collected or enforced so the Americans were happy. Now that the tax was collected the Americans were feeling the threat of British rule. The British government was regarding the colonies as a source of revenue. The colonies also noticed how the money was being spent and objected to it. The British talked of how they needed money to support troops in America. The troops were not there to protect the colonies, but to enforce British rule. The troops were stationed at ports, not in the interior where the threat of attack was the greatest. America existed for the sole purpose of strengthening the central government of England. Unlike the rest of the Acts passed for the improvement of the British government, the Stamp Act caused the biggest political storm. Everyone from small farmers to merchants were effected. The parliament wanted the colonist to pay for some imperial expenses. To do this, parliament ! reshipped to America in English vessels (Kurland). The British would benefit from this act by imposing custom duties on goods, which cost would be passed to the American consumer. The English merchants would profit from handling, insurance, and shipping fees. This Act also The Staple Act of 1663 was an offshoot of the Navigation Acts. It stated that all European goods bound for the American colonies must first land at an English port and then be civilized manner. Everyone in the colonies could agree that the Stamp Act was a selfish law made by the British to control the media and acquire revenues at the expense of the colonies. During 1790 to 1795, merc
Some common words found in the essay are:
Stamp Act, Bank United, Molasses Act, Navigation Act, Spanish American, Kurland British, America Hamiltons, , Staple Act, Britain British, political power, english colonies, central government, american colonies, navigation act, stamp act, raw materials, pence gallon, molasses act, staple act, spanish american colonies, building political power, outside british empire, strengthen central government, central government england,
Approximate Word count = 1635
Approximate Pages = 7 (250 words per page double spaced)
|