Mercantilism Case Study

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Perhaps the plot to exploit the new world came about even before the turn of the 18th century, as this idea of Mercantilism was being born from the English need to protect its colonial investments. Mercantilists disputed that since all the nations that were colonizing were competing for the new worlds resources, the nations who had the most economic trade and success would not only benefit their economy but that it might build on this idea of ethnocentrism by knocking down its rivals, after all many countries in the colonial ages of Europe wanted to get rich by conquering most of the world. Specifically speaking, the enumerated goods is what the English sought after, items like tobacco, sugar, cotton and indigo. Later on the English Parliament …show more content…

One event in particular stroked fear in the English Government’s popularity in America, Indeed it took a toll, and in October of 1768 the pressure from these riots had resulted in the transfer of 4,000 Regular Army soldiers to Boston which were unappreciated and underpaid. The tensions in the streets were ever growing and by March 5, 1770 violence appeared from citizens throwing rocks and snowballs at a patrol of soldiers and as the crowd grew in size the soldiers were provoked and fired on the citizens killing 5 people. The Stamp act was the first real piece of legislation to affirm the control of England to its colonies. It was for a very obvious reason too, that this is to say, the colonies knew that this was the aftermath of the Seven-year war of the British fighting the French and Indians, which increased the national debt from £72,289,673 in 1755 to £129,586,789 in 1764. More than half of the annual budget went to pay interest on it. Not long after the Boston Massacre had taken place the Lord of the North newly appointed by the king had submitted a recommendation to parliament to drop all the Townshend duties except for the tax on tea, one of the first steps taken for the benefit of the colonies was the establishment of the Committee of Correspondence which made communication between all the …show more content…

This rebellious act would shock the North ministry and the English Parliament would in turn hand down the Coercive acts which was a serious of restrictions and limitations to confine Boston until they had paid for the private property they trashed. The British wanted to make sure that Boston in particular was subjugated, so they would manage the upper house of legislature by appointment on the English only now. The intolerable acts would prove to be the last straw drawn by the British, this action not only affected Boston but resonated through all the colonies and suddenly people implemented charity into their policy if it meant helping out Boston. To address matters, American Colonists organized their First Continental Congress which called upon all the delegates form each colony to discuss their current predicament. This was indeed one of the first stepping stones to revolution, and diplomatically one of their first decisions was to cut off all commerce with British rule until the conditions in Boston were relieved, that is to say, people were highly encouraged not to buy British made goods for a proposed period of

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