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  1. During the 15th century, the European countries of Spain and Portugal began sending ships on expeditions to find new trade routes to Asia. An accidental outcome of this search was that explorer Christopher Columbus encountered land in the Western Hemisphere in 1492. He landed in the Caribbean islands.

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    • Mercantilism Summary and Definition
    • What Was Mercantilism? The Basic Principles of Mercantilism
    • Mercantilism in The World and Europe — History and Overview
    • Mercantilism in England — History and Overview
    • Mercantilism in The American Colonies
    • Mercantilism Shapes The Development of England’s Colonial Policies
    • Mercantilism Laws and Regulations
    • Mercantilism and The Navigation Acts
    • Mercantilism and The Trade Acts
    • Mercantilism and Triangular Trade

    Mercantilism is an economic theory that focuses on the trading of goods as a means to create wealth. In order for a nation to create more wealth, it needs to export more goods than it imports — it needs to sell more than it buys. If it can achieve that, it creates a positive trade balance for the nation. In Mercantilism, for a nation to maintain a ...

    The basic principles of Mercantilism varied, depending on the time and the nation. However, the main principles of Mercantilism were. 1. The accumulation of gold and silver creates wealth. 2. There is a fixed amount of wealth in the world. 3. A positive trade balance must be maintained. 4. A large population is needed for labor in fields and mills,...

    By the end of the 15th century, there were dramatic changes happening in the way trade was conducted, which led to the Mercantile System. 1. More payments were made with money, instead of goods and services (payment-in-kind). 2. People found that gold and other precious metals were the best way to make payments. 3. People realized money was wealth ...

    England and other European powers were competing with each other, trying to gather as much gold and silver as they could. Each of them worked to create their own stand-alone economic environment where they could be as self-sustaining as possible. In other words, they wanted to be able to have everything they needed for their empires to survive — fo...

    The American Colonies were a significant part of the English Mercantile System for two main reasons: 1. They produced raw materials from natural resources. 2. They provided a market to sell finished products. Those raw materials would be gathered in the colonies and then shipped back to England where they would be manufactured into goods. The goods...

    England was slow to develop policies to oversee the American Colonies because the Colonies were slowly established. It took well over a century for the Thirteen Colonies to be established. The first permanent settlement was made at Jamestown, Virginia on May 13, 1607. For the next six years, the colony struggled. In 1612, John Rolfe obtained tobacc...

    From 1651 through 1765, England, and later Great Britain, imposed regulations on the production of raw materials and goods, methods of shipping, and shipping routes. The laws were set up so that Britain benefited, at the expense of its colonies, and allowed Britain to maintain a favorable trade balance against them, just like it sought to do agains...

    The Navigation Acts were passed between 1651 and 1733. They required all raw materials and goods to be shipped on English ships and to be delivered to English ports, which forced the colonies into the Triangular Trade System.

    The Trade Acts were aimed at restricting the growth of industry outside of England. As part of the Mercantile System, England wanted to control manufacturing and allow its domestic manufacturers to monopolize the system.

    Triangular Trade is defined as trade between three ports or regions. Trade routes in the British Empire were established across the Atlantic Ocean and were made possible by the growth and development of the American Colonies. The Navigation Acts forced ships to use specific trade routes between three regions — England, Africa, and North America.

    • Randal Rust
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  3. By the late 15th century, the Caribs had expanded into the smaller islands of the eastern Caribbean from the mainland, displacing or intermingling with the Taínos. Oviedo came to America in 1514, where for over thirty years he compiled detailed ethnographic descriptions of the goods, products, peoples and customs of the Caribbean and Central ...

  4. The ideas of the Enlightenment, which emphasized science and reason over faith and superstition, strongly influenced the American colonies in the eighteenth century.

  5. The connection of the Old World (Afro-Eurasia) and the New World (the Americas) unlocked a massive flow of goods, people, ideas, and disease. New crops and livestock changed eating habits and largely increased the global population. However, the Americas suffered massive depopulation because of the spread of disease.

  6. Jul 3, 2023 · Article. The fall in 1519 of Tenochtitlan, the capital of the Mexica or Aztec Empire, as it was later called, laid the foundation for the Spanish colonial empire on the North American mainland. It was the first time that Europeans had subjugated a highly organized state outside the world they had hitherto known.

  7. The British colonization of the Americas is the history of establishment of control, settlement, and colonization of the continents of the Americas by England, Scotland and, after 1707, Great Britain. Colonization efforts began in the late 16th century with failed attempts by England to establish permanent colonies in the North.

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