Mercantilism Flashcards

(4 cards)

1
Q

When was the 1st Navigation Act passed and what did it involve?

A
  • 1st Navigation Act was passed in 1651 and dictated that all colonial goods need to be transported on English ships with majority English crews (restricting trade with foreign nations)
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2
Q

How did the legislation of the Navigation Acts develop?

A
  • In 1660, the Navigation Acts were broadened, and the concept of “enumerated goods” were introduced - meaning that key colonial products such as sugar, tobacco cotton etc. could ONLY be exported to England/other English colonies
  • In 1696 - there was the third navigation act (enforcement act) - essentially strengthened the enforcement of the act - customs officials given increased powers to search and seize ships but salutary neglect still largely continued
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3
Q

What did the Staple Act establish and when was it passed?

A
  • 1663 - required that all goods imported into the colonies pass through England first - greatly advantaged British merchants, as the time and inconvenience for any other sellers meant that their prices could not compete
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4
Q

What was the Wool Act?

A
  • 1699
  • Banned the export of manufactured woollen goods from the colonies
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