British Economy in the 18th Century.

The Age of Mercantilism The basis of the British conglomerate was founded in the develop of mercantilism, an economic theory that stressed maximizing the conduct inside the empire, and trying to weaken rival empires. The modern British Empire was based upon the preceding English Empire which root took build in the early 17th century, with the English settlement of the eastern colonies of North America, which later became the United States, as tumefy as Canadas Maritime provinces, and the colonizations of the sm solelyer islands of the Caribbean such as Trinidad and Tobago, the Bahamas, the lee Islands, Barbados, Jamaica and Bermuda. These net plantation islands, where slavery became the basis of the economy, comprised Britains most lucrative colonies. The American colonies also utilized slave labour in the factory farm of tobacco, indigo and rice in the south. Britains American empire was tardily expanded by war and colonization. mastery oer the French during the Sev en Years War gave Britain control over almost all of North America. Mercantilism was the basic policy imposed by Britain on its colonies. Mercantilism meant that the presidency and the merchants became partners with the finish of increasing policy-making power and private wealth, to the exclusion of separate empires. The government defend its merchantsand kept others outby treat barriers, regulations, and subsidies to domestic industries in dictate to maximize exports from and minimize imports to the realm. The government had to fight smugglewhich became a favorite American technique in the eighteenth century to circumvent the restrictions on business with the French, Spanish or Dutch. The goal of mercantilism was to run work surpluses, so that grand and silver would pour into London. The government took its cope through duties and taxes, with the terminal going to merchants in Britain. The government washed-out much of its tax revenue on a brainy Royal Navy, whic h not moreover protected the British coloni! es just now threatened the...If you want to exhaust a full essay, order it on our website: OrderCustomPaper.com

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