Mercantilism Notes

To reduce the production of finished goods in the mother country

To promote free trade between colonies and other nations

To encourage colonies to become independent from the mother country

To increase the wealth of the mother country by controlling trade and maximizing exports

To create profit for the country

To increase imports from other countries

To reduce the number of colonies

To eliminate tariffs on goods

Colonists could only trade certain goods with Britain or other British colonies

Profits from colonial trade returned to Britain

Colonists could freely trade with any nation

Colonists were forbidden from trading enumerated articles with foreign countries

Colonies could buy finished British products

Colonies had a guaranteed outlet for their goods

Colonies could not sell their goods to foreign nations

Colonies could set their own market prices

A trading network involving Britain, the American colonies, the West Indies, and West Africa

A trade route between Britain and India

A system of trade between only the American colonies and Britain

A trade agreement between France and the American colonies

It encouraged colonies to become independent from Britain.

It led to the colonies supplying raw materials to Britain and buying finished products from Britain.

It allowed colonies to freely trade with any country they wanted.

It made Britain dependent on the colonies for manufactured goods.