Americas Economic Development

during the Colonial PeriodName XXXXProfessor XXXXCourse XXXX26 may 2008During the 17th and 18th centuries , European nations were hard influenced by the frugal strategy of mercantilism - a system which aims at maximizing the wealth of a nation (Scott , 2001 . Europeans came to the Americas to affix their wealth , expand their influence , gain more source , and build an empire . To acquire wealth for their motherland Europeans had to call for colonies . The colonists regulated the economic activities of their colonies and then accumulated wealth for the European powers (Score , 2006From 1607 to 1732 , the Europeans colonized thirteen countries , grouped as follows (1 ) New England Colonies (New Hampshire , mamma Rhode Island , and Connecticut ) - more on ship create and fur craft (2 ) Middle Colonies (New York , New Jersey , Pennsylvania and Delaware ) - more world-wide and trading raw materials for manufactured items and (3 ) southeastwardern Colonies (Maryland , Virginia , North Carolina , South Carolina and Georgia ) - predominantly rural economy (Conte Karr 2001The discovery of these countries resulted in a movement of European populations into the colonies . This demographic change facilitated the economic progress of the colonies . Their citizens of different origins developed a synergy to roll in the hay together in harmony utilized their crafts and created towns with shops , markets , town halls (Think QuestAs the colonies became brandished , the English realized that the colonies could expand their trade and further prosper . In 1650s and 1660s , England instituted a set of Navigation Acts to limit colonial trade solely to British - and colonies exports to and imports from other countries had to be shipped by dint of Great Britain , thereby increasing the latter s import certificate of indebtedness collections , and incomes for re-exportation of goods (Scott , 2001These trade restrictions somehow benefited the colonies , e .

g , New England s ship building industry benefited from foreign competition protection , South Carolina gained from an indigo subsidy , North Carolina profited from bounties on tar and lumber , and divers(a) other exporters benefited from zero import tariffs (Scott , 2001The Navigation Acts were strictly enforce in 1763 , which heightened the interest of the colonies to gain their independence from Britain (Scott 2001ReferencesConte , Christopher , and Albert R . Karr (2001 . Chapter 3 - The U .S Economy : A Brief History . An compend of the U .S . Economy . Retrieved May 25 , 2008 , from U .S . part of State s Bureau of International Information Programs weave spot http /usinfo .state .gov /products /pubs /oecon /chap3 .htmScore (2006 .A Study of the colonial economy from 1600-1750 . Retrieved May 25 , 2008 , from Schools of California Online Resources for Education (Score ) Web locate : http / report .rims .k12 .ca .us /score_lessonsScott , Carole E (2001 . Mercantilism and the American Revolution . In American Economic History . Retrieved May 25 , 2008 , from Ancestry .com Web site http /freepages .history .rootsweb .ancestry .com cescott /mercan .htmlThink Quest (n .d . The Colonial Period . Retrieved May 25 , 2008 , from Oracle Education Foundation Web site http /library .thinkquest .org /C007803 /colonia_period .htm PAGE 3...If you want to get a full essay, order it on our website: Orderessay

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