According to Princeton University’s wordnet, an interloper is defined as someone who intrudes on the privacy or property of another without permission. In the fifteenth to sevententh century the word ‘interloper’ commonly referred to a ship and crew that associated in smuggling. It is recorded that Interloping ships traded goods and slaves out of the monopoly of the Spanish’s West Indian Company. (Paesie, R. 2008) Mercantilism, (which was also referred to as merchant capitalism), was the governing economic system of the Spanish colonies. This meant only the mother country of a colony would supply and control the importing and exporting of goods, thus preventing trade with any other country, and guaranteeing total control of wealth from that settlement. Mercantilism ensured that Spanish colonies could only sell to and purchase from Spain. Spanish citizens enjoy this expansion of their treasure until it was challenged by the British, French and Dutch. The English and French were the main settlers, while the Dutch were the main traders of the 1600s. The French, Dutch and British becam...
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...
Thus began the story of the European invasion and conquest of the Indian settlements in the Americas. A story of conquest, slavery, and adventure. The search for wealth, fame and power is not modern; it is rather traditional. The story begins when Christopher Columbus asked for financial backing for an expedition to the Atlantic. Already, rivalry existed between Portugal and Spain concerning who had more power in Europe. Playing on this rivalry, Columbus met with the king of Portugal seeking sponsorship but was refused and therefore had to convince the rulers of Spain in order to carry out this expedition he much wanted. Luckily for him, King Ferdi...
[12] C. Gathman, H. Hillman (2000), Commerce and Crime: States, Property Rights, and the War on Trade, 1700-1815, Dept. Sociology/Economics Stanford University.
According to vocabulary.com , "mercantilism, is a system in which a country attempts to amass wealth through trade with other countries, exporting more than it imports and increasing stores of gold and precious metals." Basically, mercantilism is when the mother country, England in this case, uses the thirteen colonies and its natural resources as a way to profit/make
The interests of England within the colonies were self-centered. The English were exploiting were trying to govern the colonies by using the mercantilist system. Mercantilism is when the state directs all the economic activities within it's borders(Blum 31). England was not attempting to make any changes that would help the colonists. They limited the colonies commerce to internal trade only(Miller 9). The English were exploiting the colonies by demanding that the colonies import more from England then they exported to the colonies. They were importing raw materials from the colonies and making them into exportable goods in England. They would then ship these goods to foreign markets all around the world including the colonies(America Online ). Throughout the seventeenth century the English saw America as a place to get materials they didn't have at home and a market to sell finished products at after the goods had been manufactured. This was detrimental to the colonies because it prevented them from manufacturing any of the raw materials they produced and made them more dependent upon England.
In a similar economic revolution, the colonies out grew their mercantile relationship with England and developed their own expanding capitalist system. The idea of a set amount of wealth in the world and that if one were to become wealthy, he or she had to take from someone who is already wealthy, is basically what mercantilism means.
“The Interlopers by Saki” and “The Story of an Hour” by Kate Chopin are two short and stories that are unique in their own ways. Each utilizes certain elements to keep the reader intrigued to the end. However, though they might be similar in that way, they are still quite different from each other.
Similarly, we can look at the colonization of Latin America as a "business." Each country is like a global conglomerate, looking to make their "company" as wealthy as possible. This wealth and power was obtained through the exploitation of the people. For instance, if Spain decided to be legitimate in relation to the indigenous people, another country such as Portugal would end up being more powerful through power and control. In the same way, if a company decided to "play by the book", they would know another company would eventually be more powerful and wealthier than them in the future due to exploitation. A kind of "If we don't do it, they will" mindset. In a sense, the desire for power over other countries leads to the exploitation of the indigenous people either way. Stern explains that free labor was used to gain power and money. "Free labor, cut off from access to the means of production, has no al...
In the early 1600’s England need money once again, and this time it decided to by settling the new land to the west of them. Instead of actually funding these colonial expeditions, England would issue charters to joint – stock companies. These companies consisted of wealthy English investors who would all give some money to finance the trips and would share in the riches if they succeeded or lost their money of they failed. Most of the time the benefits of their investments would outweigh the risks. For England, this was a win-win situation. Since England did not pay for the voyages or the colonies themselves, England wouldn’t lose the money if they failed. If the companies succeeded, England was entitled to a percentage of the profits and became its ultimate authority.
One facet of this unique system involved the numerous economic differences between England and the colonies. The English government subscribed to the economic theory of mercantilism, which demanded that the individual subordinate his economic activity to the interests of the state (Text, 49). In order to promote mercantilism in all her colonies, Great Britain passed the Navigation Acts in 1651, which controlled the output of British holdings by subsidizing. Under the Navigation Acts, each holding was assigned a product, and the Crown dictated the quantity to be produced. The West Indies, for example, were assigned sugar production and any other colony exporting sugar would face stiff penalties (Text, 50). This was done in order to ensure the economic prosperity of King Charles II, but it also served to restrict economic freedom. The geographical layout of the American colonies made mercantilism impractical there. The cit...
Colonialism is a process by which European power takes control over and dominates and exploits an indigenous group by appropriating their land and resources, extracting their wealth, and using them as cheap labor. In Canada, the British evaded the Aboriginals (indigenous people), with their vision of creating a capitalist society. The vision was to have Aboriginal people produce commodities off their own land in return for goods. -Thus began slavery in Canada. Sometimes, merchant capital often had to use force to transform pre- capitalist societies in order to introduce commodity relations and production.
In 1492, Christopher Columbus in his quest to validate his claim that the world was round and that it should belong to his Spanish patrons, the king and queen of Spain, set sail on his ship Santa Maria. He soon discovered the “New World”, which was new to him, but not to the Antiguans who lived there. Cultural imperialism was one of the most prominent means Western countries like Spain and Britain used to colonize other parts of the world at the beginning of the fifteenth century. The Cambridge dictionary defines cultural imperialism as one “culture of a large and powerful country, organization, etc. having a great influence on other less powerful country.”
Colonization of the Americas was done by both the Spanish and English in the late 1400s to late 1500s respectively. They had quite a few similarities such as the hardships they encountered in their homelands that embarked them on their journeys to explore and even, in some ways, their rule over the new land had some likeness as well. The differences between them lie in the specifics of their exploration and their relationship with the Indian groups who already inhabited the space they took over. Even though each group had different motives and goals for their expedition, it is evident that both groups had their share of major conflicts with the native peoples and defining characteristics of their societies.
England in the 17th century adopted the policy of mercantilism, exercising control over the trade of the colonies, thus greatly affecting their political and economical development. Mercantilism was the policy in Europe throughout the 1500's to the 1700's where the government of the mother country controlled the industry and trade of other, weaker settlements with the idea that national strength and economic security comes from exporting more than what is imported. Possession of colonies provided the countries with sources of raw materials and markets for their manufactured goods. This system had political and economical repercussions on the inflicted because it inspired many new laws and acts for the colonies, and it restricted the colonies trade to England, reducing the revenue that the colonies received.
Introduction: The motivation for settlers to travel to the Americas was not the intranational and international rivalries revolving around choice of religion and all-around “we’re better than you” mentality, but instead the goal for each to increase their own personal wealth. The colonists were part of the Virginia Company, which was divided into two smaller companies: London Company and Plymouth Company. The founding of Virginia marked the beginning of a second round of colonization attempts from England, as the first round of attempts in the 1570s and 1580s failed miserably. Rather than grant conquistadors the permission to claim land for them, as well as give them large sums of money for funding, the English used jointstock companies to lead settlers to the New World with the hope of profiting from this arrangement.