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Salutary Neglect: 1607-1763. Salutary neglect was an undocumented, though long-standing British policy of avoiding strict enforcement of parliamentary laws, meant to keep the American colonies obedient to Great Britain.
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Salutary Neglect: 1607-1763 Salutary neglect was an undocumented, though long-standing British policy of avoiding strict enforcement of parliamentary laws, meant to keep the American colonies obedient to Great Britain. Prime Minister Robert Walpole stated that "If no restrictions were placed on the colonies, they would flourish.” This policy allowed the enforcement of trade relations laws to be lenient.
Salutary Neglect: 3 Phases • 1607 to 1696: England had no coherent imperial policy. • 1696 to 1763: England tried to form a coherent policy (Navigation Acts), but either chose not to enforce it or were unsuccessful. • 1763 to 1775: Britain began to try to use a coherent policy.
Mercantilism • An economic theory, that holds that the power and prosperity of a nation is dependent upon its supply of capital • The global volume of international trade is "unchangeable“ and therefore, the ruling government should advance its country’s wealth and power by playing a protectionist role in the economy by encouraging exports and discouraging imports, notably through the use of subsidies and tariffs respectively.
Mercantilism • Economic assets (or capital) are represented by bullion (gold, silver, and trade value) held by the state, which is best increased through a positive balance of trade with other nations (exports minus imports). • Thought to be a form of economic nationalism • Dominated Western European economic policies from the 16th to the late-18th century.
Which choice best represents mercantilism? • Colonies should exist for the benefit of the mother country. • Local authority should determine the type of goods to be produced. • Governments should not be involved in the economy. • Business and industry should be owned by the state.
Walpole did not believe in enforcing the Navigation Acts, established under Oliver Cromwell and Charles II and designed to force the colonists to trade only with England, Scotland and Ireland, which were also under Britain's control. Successive British governments ended this policy through acts such as the Stamp Act and the Sugar Act causing tensions within the colonies.
