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Mercantilism In The United States

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When mercantilism started in the U.S capitalistic gain started happening throughout the United States. Mercantilism is an economic theory which contributes to early capitalism. It was based on gaining wealth from silver and gold. This was significant because before this time trade accrued between goods. The colonies started to produce raw materials for trade. As trade devolved the system of acquiring wealth changed. The national economic system was created to gain wealth by yourself and gain wealth by taking it from others. As capitalism and trade devolved a metropolis was built for, markets made to sell finished goods. I'm 1619 Jean Colbert, a French minister under Louis XIV creates bounties and tariff to try to take control of the national …show more content…
The English civil war occurred and Charles I was overthrown because he was trying to rule without parliament. During the Glorious Revolution, James II was forced off the throne because he had a son that would have been raised as catholic. As these changes took place in Britain The colonist was continuing to develop as Americans. They had adopted a philosophy of John Locke which stated that everyone had natural rights. Colonist believed that everyone was born with the right to life, liberty, and property. They believed that the government was set in place to protect everyone's natural rights and if the government did not protect the people's rights it should loose the power to rule over the …show more content…
This angered the English. It expands to enumerated goods which include iron, lumber, skins, hides, whalebone, logwood, and many other commodities. Goods must go to England now instead of going directly to the Netherlands, German states start to interfere with existing trade. New complicated regulations are enforced. The following year in 1765 the Stamp Act was introduced. It was required to use special paper for, newspapers, customs documents, licenses, and legal forms. Americans opposed the stamp act and a new England resistance is started. Patrick Henry denied Parliament’s right to internal taxation. On November 5, 1764, On Guy Fawkes Day, there is a gang fight in Boston between North and South Ends. The Loyal Nine unites under south side shoemaker, Ebenezer MacIntosh in August 1765. August 14 they attack Andrew Oliver, Boston stamp distributor, and tear up his house. On August 26 they attack the home of Lieutenant Governor Thomas Hutchinson. The violence continues in Newport, Rd., three stamp distributors homes are ransacked. Spontaneous organization throughout colonies from groups like Loyal Nine calling themselves Sons of Liberty. Samuel Adams holds a meeting in Massachusetts called the Stamp Act Congress. In October 1765, representatives of nine colonies meet in New York City. They Protest to the King about the issue of internal taxes. Parliament claims to have the right to regulate

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