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Demerits of mercantilism
Demerits of mercantilism
Demerits of mercantilism
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The United States of 2015 offers a drastically different lifestyle to that of our ancestors. In today’s modern America, it is hard to think back and imagine the lives of those before us. Most people take for granted the freedom they experience in their everyday lives. This freedom may be owed in part to the unofficial British policy of salutary neglect. With the word “salutary” meaning favorable and promoting health, this policy was Britain’s way of letting their colonies in America prosper. This policy offered and assortment of advantages and disadvantages to both Britain and the colonies while also planting a seed among the colonies that would change the country forever.
In the early 1600s, Britain began to pursue a system of mercantilism; the idea of a country being almost solely self sufficient, by exporting more than it imports. To achieve this goal, British parliament enacted the Navigation Acts in their American colonies. The four acts were: only English or English colonial ships could carry cargo between imperial ports, certain good, including tobacco, rice, and furs, could not be shipped to foreign nations except through England or Scotland, the English Parliament would pay “bounties” to Americans who produced certain raw goods, while raising protectionist tariffs of the same goods produced in other nations, and Americans could not compete with English manufacturers in large-scale manufacturing. These acts put a major restraint on trading within the colonies, and angered many colonists as well. Instead of following these laws, colonists began to smuggle goods instead. Even though the British were fully aware of the breaking of the laws, they ignored it. This was the idea of salutary neglect as proposed by British Pr...
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...s for Britain, all good things must come to end. It should have been expected that colonies as resourceful and rapidly growing as the ones in America, would eventually desire their own government and way of life. The policy of salutary neglect was a great stepping stone for the colonies to take action toward a revolution.
Works Cited
Kelly, Martin. “Salutary Neglect.” About.com. 2011. The New York Times Company. August
11, 2011. < http://americanhistory.about.com/od/americanhistoryterms/g/salutary_neglec.htm>
Streich, Michael. “Revolutionary War Causes & Salutary Neglect.” Suite101.com. August 11,
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“The Colonial Economy: Mercantilism.” Sparknotes.com. 2011. Sparknotes. August 11, 2011
The main reason for the severance of the colonies from Britain was the lack of equality in parliament and the disregard for colonial needs. Whether it be forcing someone to pay for a war they did not fight or want, limiting one’s need for land, or piling on the taxes, all of these factors played a part in the dissolving of British-colonial ties. The colonists were only human and had the human reaction of defiance to injustice. If the colonists had not of had the audacity that they did, today’s America would be a very different place. Breaking away from Britain was the greatest thing the colonists could have possible done.
Leading up to the time of the Revolutionary War, seven policies were passed by Britain in hopes of controlling the colonies. These acts culminated in the Quebec Act which persuaded many Americans into supporting the revolutionary effort. The Proclamation of 1763 was the first policy passed by the British. This forbid any settlement west of Appalachia because the British feared conflicts over territory in this region. The proclamation, however, infuriated the colonists who planned on expanding westward. The Sugar Act was passed shortly after in 1764. This act sought harsher punishment for smugglers. The next act to be passed was possibly the most controversial act passed by Britain. The Stamp Act passed in 1765 affected every colonist because it required all printed documents to have a stamp purchased from the British authority. The colonist boycotted British goods until the Stamp Act was repealed but quickly replaced by the Declaratory Act in 1766. The British still held onto the conviction that they had the right to tax the Americans in any way they deemed necessary. The Declaratory Act was followed by the Townshend Acts of 1767. This imposed taxes on all imported goods from Britain, which caused the colonies to refuse trading with Britain. Six years passed before another upsetting act was passed. In 1773, the Tea Act placed taxes on tea, threatening the power of the colonies. The colonies, however, fought back by pouring expensive tea into the Boston harbor in an event now known as the Boston Tea Party. The enraged Parliament quickly passed the Intolerable Acts, shutting down the port of Boston and taking control over the colonies.
Passed in 1767, the Townshend Acts put taxes on several basic items that, to obtain them, needed to be imported. These items included glass, paper, lead, and tea. The British planned out the Townshend Acts a little differently than they had previously planned other acts. They passed the Townshend Acts in a way for them to still make money, but to avoid direct conflict with the colonists. The British thought that if they taxed imported items, as opposed to taxing items produced in the colonies (like the Stamp Act did), that the colonists wouldn’t have as much hostility towards the act. The second part of the Townshend Acts was sending of troops and warships to Boston. In September of 1768, warships arrived in Boston harbor carrying four thousand troops. The soldiers came to keep structure after all the colonists’ chaotic reactions of the past acts. The establishment of the Writs of Assistance was the last part of the Townshend Acts. British soldiers used the Writs of Assistance to search colonists’ houses for smuggled goods. After the British passed the Townshend Acts, the colonists had several reactions in response to them. One reaction was boycotting. This colonial boycott was on all imported British goods, and it was extremely widespread. The boycott encouraged more colonists to join the Sons and Daughters of Liberty, which lead to many colonists replacing items, which they would normally buy from British merchants, with homemade versions. These items included fabrics, candles, and tea. Another reaction was non-importation agreements. Non-importation agreements are written agreements that said that whoever signed one would not purchase items from British merchants until they got representation in British Parliament. A tremendous amount of colonists signed these agreements, and those who didn’t were sometimes harassed or had their property destroyed. Similarly,
For example, the Navigation Acts of 1660 and 1663 specified a number of key trade related rules. First, they specified that all colonial trade had to be carried on ships owned by British or colonial traders. Secondly, all colonial goods bound for North America had to pass through certain English ports, in order to be taxed and monitored. Finally, enumerated goods such as sugar were to be shipped only to English ports. Despite these laws existing, the government in London did not enforce them strictly up until 1763. This policy is often referred to as ‘salutary neglect’ and it had the effect of introducing a perceived sense of autonomy and self-determination in the North American colonies. Following 1763, the British government began to enforce the Navigation Acts British lawmakers began to introduce more Acts which further restricted and monitored colonial trade and increased taxes. To the parliament in London this was just enforcing and building upon old laws, an opinion that was not shared by the
...no loyalty to the Crown now, in future conflicts, the colonists may turn against us and become our enemy. Radical action must be taken in order to regulate their behavior. They must recognize the royal authority.
In the early eighteenth century consumer goods flooded American markets, the colonists needed to sell what they produced in order to purchase British goods that were beyond their ability to manufacture and therefore made them feel more a part of the British "empire of goods".
In a similar economic revolution, the colonies outgrew their mercantile relationship with the mother country and developed an expanding capitalist system of their own. In England, the common view was that the colonies only purpose was to compliment and support the homeland. This resulted in a series of laws and protocols called th...
The British Empire has had a long lasting and strong influence on the American colonies for over three centuries. From the 16th century all the way to the 18th century, the British empire has held power within the colonies in terms of legislature, economy, and social stature. The British’s rule has been both a positive and negative driving force
Self-interest can be seen in many of the writings throughout American history. The mercantile system, as exhibited by the British on the colonies, was an extremely hedonistic approach to gaining wealth for themselves. Mercantilism, as set forth by the Navigation Acts, imposed strict and extremely descriptive laws that would limit and exploit trade in the colonies, allowing Britain to control the wealth and profit of materials and goods in America. These acts were used to keep America from trading with any other countries. As stated in the Navigation Act of 1660, "no goods or commodities whatsoever shall be imported into or exported out of any lands" to his Majesty belonging"in any other ship or ships...as do truly and without fraud belong only to the people of England or Ireland" (Restoration 98). Britain knew that by controlling the colonies in this manner they could take the raw materials out and sell the finished products back, and by doing so they would profit greatly. This mercantile system exemplifies the arrogant minds of the British while America was developing. This system would soon become a failure due to the people's demands to have representation along with taxation, and their desire to separate from England as a free and independent state. Likewise, it was due to self-interest of the greedy planters and the self righteous farmers in the south that slavery was highly used. At that time they needed all the labor they could get, and the cheapest way to obtain it was through the purchase of slaves. Some of the slavery was downplayed by calling it indentured servitude, where servants were essentially slaves for a limited number of years.
As a result of the French and Indian War, England’s attention became focused on the areas that required tending by the government other than North America, which provided the colonies with the one thing that ensured the downfall of Britain’s monarchial reign over America: salutary neglect. The unmonitored inhabitants of the colonies accustomed themselves to a level of independence that they had never possessed before, and when these rights were jeopardized by the enforcement of the Stamp Act after the Seven Year’s War, the colonists would not take it lying down. The colonies bound together in rebellion against the taxation without representation through boycotting the use of English goods, as embodied by Benjamin Franklin’s famous drawing of a snake; the “Join or Die” snake, as a whole representing the functionality and “life” of the colonies if they would work together, also forewarns the uselessness and “death” of the individual regions, suggesting that the colonies as a whole would have to fight the revolution against the Mother Country or else fail miserably...
British statesman and political theorist Edmund Burke, a orator who successfully championed many human rights and causes by bringing people to attention through his moving speeches. Described his country?s policies toward the colonies as ?salutary neglect? because he believed their leniency was actually beneficial. As a result of this salutary neglect, the colonists developed a political and economic system that was virtually independent. They were loyal, although somewhat...
After the Seven Years Way England was broke for she had spent more money needed to win the war. Also winning the war gave the colonist a “we can do it spirit”. However because England now was facing debt she decided to tax the colonies. One the first acts passed was the sugar act passed in 1764. This Act was the raise revenue in American colonies. What it did was lowered the tax from six penses to three penses per gallon on foreign molasses. Molasses is a product made by refining sugarcane, grapes or sugar beets into sugar. This upset the colonist because before the sugar act they didn’t have to pay the tax so even if it was lowered that meant nothing for they now had to pay for it. A year later, in 1765, the Britain’s passed another act known as the Stamp Act. The Stamp Act put a tax on stamped paper, publications, playing cards, etc. Because it was on all paper products in a way it affected everyone; from the papers for the upper class such as lawyers, publications such as newspapers for the middle class, and playing cards for the lower class for entertainment. Next, the Townshend Act passed by Charles Townshend. This came in 1767, which imposed taxes on colonial tea, lead, paint, paper, and glass which just like the Stamp Act affected all of the classes in the colonist in the Americas. Though this act was removed three years later in 1770, it still left colonists with a warning that conditions may become worse. Around 1773, parliament passed the Intolerable Acts one of those acts which affected taxation was the Bost...
In concern to the American Revolution, there are two sides debating its primary cause. One set of historians believe the cause to be ideals and principles. The other set of historians and scholars credit economic and social interests as the primary cause of the Revolutionary War. Historians Jesse Lemisch and Dirk Hoerder used the mobs in colonial cities as evidence of the social concerns of Americans at that time. Another Historian, Arthur M. Schlesinger argued in a 1917 study “that it was the colonial merchants who were chiefly responsible for arousing American resistance to the British; and that although they spoke of principles and ideals, their real motives were economic self-interest: freedom from the restrictive policies of British mercantilism.” This argument is very concrete and is supported by the different legislation that the British Parliament passed after the Seven Years’ War. In fact, an act was passed in 1764 by the Parliament that was instrumental in specifically angering the merchants that played a major role in leading the Americans to independence. That piece of legislation was the Sugar Act which placed a tax on sugar being brought into the colonies. This tax was a significantly less than the one that was logged in the book previously; however, that tax had been ignored for years. The initial response of the merchants to this piece of legislation was anger because this new law cut off their highly profitable smuggling organizations which greatly affected their earnings. Soon after tha...
Economic concerns of the British caused the colonization of British North America. Such economic concerns included the opportunity to acquire gold, silver, a North American waterway that would lead directly to China and the Indies, and the prospect of countering Spain's dominance in North America (Boorstin et al. 34). In addition to these economic reasons for colonization, the English were also seeking to obtain the essential "raw materials" in America that they had been previously buying from other European countries for exorbitant amounts of money and gold (Boorstin et al. 34). Great Britain also sought to solve other economic problems through American colonization. For example, England needed to replenish some of its diminishing materials and assets, generate another "market" to export its cargo and merchandise, maintain its powerful navy and "merchant marine" through business with new American colonies, and to provide a new place for the unemployed to settle rather than escalating populace/crime and the economic burden in its own cities (Boorstin et al. 34).
" In conclusion the rebellions of 1837/38 were defeated due to a lack of public support but it opened the eyes of the British to a problem in the colonies. The British began to realize that the system within the colonies was not working and something needed to be done. If these rebellions had not happened, the British would never have taken notice of the problems and who knows, we could still be living under the same system.