Causes of The American Revolution Part 1 In this lesson, students will be able to define the following terms: Mercantilism Colonies Mother Country The Commercial Revolution marked an important step in Europe from local economies to a global economy. Mercantilism Mercantilism was the belief that a nation’s power depended on the ownership of gold and silver. In order to acquire gold and silver, European countries established overseas colonies. Colonies provided gold and silver. Mother Countries and Colonies Mother countries were conquerors. The conquered land was a colony. Mother countries also imported natural resources or raw materials and exported finished goods. Imports Rice Indigo Naval Stores Lumber Rum British Government Offered subsidies to encourage new products Rice & Indigo were on the “enumerated” list (could only be sold to England) List not enforced on SC Rice (advantage for SC) Military was used to control and protect trade “Triangular” trade made some continents wealthy while it impoverished other continents. Who Became Rich & Powerful? Kings & Queens Risky Businessmen Planters Lost out? Slaves Natives Questions for Reflection: 1. Define mercantilism. 2. How did European nations increase their wealth and power? 3. What was “Triangular” trade? 4. What was the relationship between a mother country and a colony? Assignment Draw a diagram, on your paper, showing how mercantilism worked. Then, write a paragraph describing mercantilism and how it created wealth for nations.
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