3. What was the role of the colonies in the British mercantilist system?
In the early 1600’s Great Britain was looking for ways to expand its commercial empire. King James I funded an expedition to the New World and founded the first British colony in North America along the Chesapeake Bay in Virginia. The main objective of the colonist was to trade with the natives for gold and other valuables. This idea failed because the natives had very little valuables for trade. However, the new world was rich in natural resources, land was plentiful, and the soil was rich for agricultural production.
The British granted land rights for agriculture use and encouraged migration by offering those 100 acres each to settle in America. Wealthier colonist
In the early 1600’s Great Britain was looking for ways to expand its commercial empire. King James I funded an expedition to the New World and founded the first British colony in North America along the Chesapeake Bay in Virginia. The main objective of the colonist was to trade with the natives for gold and other valuables. This idea failed because the natives had very little valuables for trade. However, the new world was rich in natural resources, land was plentiful, and the soil was rich for agricultural production.
The British granted land rights for agriculture use and encouraged migration by offering those 100 acres each to settle in America. Wealthier colonist