- Mercantilism:
economic system in which nations to increase their power and wealth by
obtaining large amounts of gold and silver and establishing a favorable
balance of trade
o Colonies played an important part in this system due to their supply
of raw materials and serving as a market for finished goods made by the
mother country
- Navigation
Acts 1651
o Made by English Parliament as a reaction to colonies trading with nations
other than England
o States that colonies can only conduct trade with English or trade goods
that are on English ships
- After 1688, England adopts
a policy of salutary neglect
toward the colonies
o Salutary Neglect: English
policy of relaxing the enforcement of regulations in its colonies
§ Led to colonial
self-government (click for worksheet)