Great Britain's Theory Of Mercantilism

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After the Seven Years War, also known as the French and Indian War, relations between Britain and colonial America changed for the worse. Britain was submerged in tremendous debt, and that resulted in the beginning of the heavy taxation of the colonists. They also enforced stricter boundaries, such as the Proclamation Line of 1763, to prevent colonists from settling in the west of the Appalachians. Salutary neglect caused the Americans to establish their own legislative assemblies, trading partners, and religious toleration in the colonies. Americans traded with other countries, despite Britain’s theory of mercantilism. Many cultural and ideological changes also took place. Religious toleration began to differ from colony to colony based on the preferences of the people who lived there. Americans established a sense of patriotism and wanted to declare the United States as its own. The American colonies were in a political turmoil. The British lost huge sums, as large as $145 million dollars, in fighting the French and Indian War (Murray 2012). The Empire had to cover the debts so they proceed to tax the colonies heavily to easily replenish their income. Taxes such as the Sugar Act, Stamp Act, and Currency Act were passed one after …show more content…

All the money and goods that were produced in the colonies served as a profit to Britain. There was no trading allowed between America and other countries after the passing of the Currency Act. However, they could trade with Britain and from there Britain could trade with other countries. The breaking point of the colonists came when Britain put a tax on tea and rebels in Boston dumped $10,000 worth of the East India Company’s tea into the Boston Harbor (Murray 2012). Colonists continued to rebel by boycotting British goods and strictly limiting themselves to only purchasing, buying, or making goods and services that were provided by

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