American Colonies By 1763 Flashcards
(5 cards)
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Salutary neglect
A detached policy towards British governance of colonies in the early 18th century
Mercantalism
Mercantalism assumed that the colonies existed to supply the mother country with raw materials absorb its manufactures and provide employment for shipping
Between 1650 and 1770 the colonial gross product grew by an annual average of 3.2%. What 3 example factors was this down to?
- Trade with Britain and its empire
- Increasing overseas demand for colonial products such as tobacco and grain
- Expanding intercolonial trade
Outline the diversity of trade between the colonies
New England: Lacked rich soils, but the shores of Nova Scotia allowed fishermen to bring back large amounts of cod. Trade with the West Indies for molasses which distillers turned to rum.
Middle: Major source of wheat and flour products for export to other colonies, the West Indies and europe
Southern: tobacco exports rose to £100 million by the 1770s.