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Questions and Answers
Which country enjoyed the greatest benefits of mercantilism between 1640 and 1660?
Which country enjoyed the greatest benefits of mercantilism between 1640 and 1660?
- Portugal
- Great Britain (correct)
- Spain
- France
What was the main goal of mercantilism?
What was the main goal of mercantilism?
- To decrease a nation's wealth through exports
- To decrease a nation's wealth through imports
- To increase a nation's wealth through exports (correct)
- To increase a nation's wealth through imports
What were the Acts of Trade and Navigation?
What were the Acts of Trade and Navigation?
- Laws designed to increase trade with other nations
- Laws designed to encourage free trade between colonies
- Laws designed to make American colonies more dependent on manufactured products from Great Britain (correct)
- Laws designed to make American colonies more independent from Great Britain
Which country monopolized the slave trade and transported slaves from English ports to America?
Which country monopolized the slave trade and transported slaves from English ports to America?
What economic policy did Britain use to secure its interests in the New World?
What economic policy did Britain use to secure its interests in the New World?
What did Britain ship back to England from the colonies?
What did Britain ship back to England from the colonies?
What led to the American Revolution?
What led to the American Revolution?
Which goods could only be sold to British merchants according to British authorities during this time?
Which goods could only be sold to British merchants according to British authorities during this time?
Who argued that free trade promotes a flourishing economy rather than mercantilism?
Who argued that free trade promotes a flourishing economy rather than mercantilism?
Which company was given a monopoly in the trade of slaves by the British in the 1660s?
Which company was given a monopoly in the trade of slaves by the British in the 1660s?
According to Adam Smith, why did he find the institution of slavery morally abhorrent?
According to Adam Smith, why did he find the institution of slavery morally abhorrent?
How did Adam Smith view slavery in terms of its economic impact?
How did Adam Smith view slavery in terms of its economic impact?
What did Adam Smith consider slavery to be in relation to the mercantilist state?
What did Adam Smith consider slavery to be in relation to the mercantilist state?
According to Adam Smith, what did he believe was the basis of slavery and European colonialism?
According to Adam Smith, what did he believe was the basis of slavery and European colonialism?
According to Adam Smith, why did he believe free labor was more economically efficient than slavery?
According to Adam Smith, why did he believe free labor was more economically efficient than slavery?
According to Adam Smith, what was the effect of monopoly on wages and capital?
According to Adam Smith, what was the effect of monopoly on wages and capital?
According to Adam Smith, what was the effect of a monopoly on capital accumulation in the colony trade?
According to Adam Smith, what was the effect of a monopoly on capital accumulation in the colony trade?
According to Smith, how did the monopoly in the colony trade impact the improvement of land?
According to Smith, how did the monopoly in the colony trade impact the improvement of land?
According to Smith, how did the monopoly in the colony trade affect the rent of land?
According to Smith, how did the monopoly in the colony trade affect the rent of land?
According to Smith, what impact did the monopoly in the colony trade have on the market rate of interest?
According to Smith, what impact did the monopoly in the colony trade have on the market rate of interest?
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