Economic history of the United Kingdom

Mercantilism and Colonial Grievances All colonies but Georgia(formally planted by BR) were founded by trading companies, religious groups, land speculators Mercantilism- limited amount of wealth in world Get most gold/silver by regulate manufacturing trade, and production within country and its colonies GB would purchase raw materials from colonies at low price determined by BR Gov. Colonies required purchasing certain goods from BR and selling certain goods to only BR Led to bitterness on part of colonists who had little input in economic policies Exports > Imports Navigation Acts- BR response to illegal colonial trade in 1651 Goods traded from NA colonies had to be shipped in either colonial or BR ships