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Warm-up# 1

Warm-up# 1. Why was Britain interested in establishing colonies? According to mercantilism, how is a nation’s wealth determined?. Warm-up #1. Name the 3 colonial regions. How many original colonies were there?. American Colonization. What's in it for the king?.

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Warm-up# 1

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  1. Warm-up# 1 • Why was Britain interested in establishing colonies? • According to mercantilism, how is a nation’s wealth determined?

  2. Warm-up #1 Name the 3 colonial regions. How many original colonies were there?

  3. American Colonization

  4. What's in it for the king? • Money and cheaper resources

  5. Mercantilism • Mercantilism is the economic policy that measures a nation’s wealth based on its supply of gold and silver. • According to mercantilism, best way to increase profits is to decrease imports and increase exports. • Import: to receive goods • Export: to send goods • Colonies, therefore, provide a cheap source of raw materials to the mother country. • Now, the mother country can sell goods within their country.

  6. Colonial Trade • 3 routes • Up and down the Atlantic coast • From the colonies to England across the Atlantic Ocean • Triangular Trade: linked the colonies to the Caribbean and Africa

  7. Navigation Acts • Navigation Acts passed by Parliament to regulate colonial trade • certain raw materials could only be sent to England • In England, jobs were created for workers to turn the raw materials into finished goods. • Colonists believed the acts favored the manufacturers not the colonists. Also, they couldn’t make more $$ because they couldn’t sell to other nations.

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