10 Questions
Which country benefited the most from the money made by the colony of North Carolina?
England
What economic theory did England follow with the 13 colonies?
Mercantilism
Why did England pass laws exclusively benefiting the British economy in the context of Mercantilism?
To strengthen the British nation
What is the main goal of Mercantilism in terms of trade balance?
Have more exports than imports
In the context of Mercantilism, what is the significance of having more exports than imports?
It promotes economic growth and national strength
What was the purpose of the Navigation Acts passed by the English Parliament?
To ensure a proper mercantilist trade balance
Which of the following goods could not be shipped to foreign nations except through England or Scotland under the Navigation Acts?
Tobacco, rice, and furs
Why did England develop a policy of salutary neglect toward the colonies?
To maintain the colonists' loyalty
What was the effect of the Navigation Acts on colonial trade?
It restricted colonial trade to benefit England.
How did the British change their policy of salutary neglect after the French & Indian War?
They enforced stricter trade laws on the colonies.
Test your knowledge of globalization and mercantilism with this quiz. Learn about why countries want colonies and the concept of mercantilism in international trade.
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