APUSH Ch. 2+3 Notes
1. Mercantilism
a. Money = Power
b. As a Moral Revolution
b.i. Trade
b.i.1. Good producing colonies are essential to the economic growth of an empire
b.ii. A fixed supply of wealth exists in the world
b.iii. To augment one’s wealth, one must take the wealth of one’s rival
b.iv. wars of trade now replace wars of religion
c. Principles
c.i. The state must control trade in order to:
c.i.1. Enhance national strength
c.i.2. Provide self-sufficiency
c.i.3. Pay a standing military
c.ii. Favorable balance of trade must exist
c.iii. Concentration on production or marketable goods
c.iv. Limits on importation of goods and services
c.v. Necessary accumulation of hard currency, silver and gold, to support national wealth and power
d. Great Britain
d.i. Four major aims:
d.i.1. Encourage growth of a native merchant marine fleet
d.i.2. Protect English manufacturers from foreign competition
d.i.3. Protect English farmers, especially grain farmers
d.i.4. Accumulate as much hard currency as possible
d.i.4.a. Colonists to pay for everything with hard currency
d.i.4.a.i. Paper script not recognized as legal tender - drains gold from American colonies
2. Jamestown and Plymouth
a. Arrival
a.i. 1607
a.i.1. 104 men
a.i.2. First permanent English settlement in Western Hemisphere
b. 1620
b.i. Mayflower arrives at Plymouth
c. Jamestown
c.i. Economic motivation
c.i.1. 1606 - Virginia Company founded
c.i.1.a. Expand English trade
c.i.1.b. Open markets for English manufactured goods
c.i.1.c. Attain financial profit through sales of stock
c.ii. Settlers
c.ii.1. Young, inexperienced, unwilling to work, no wilderness survival skills
c.ii.2. Internal fighting
c.ii.3. Poor relations with Natives (Powhatan)
c.ii.4. Absence of family unit
c.iii. Of original 104 settlers, only 38 survive the first year
d. Religious motivation
d.i. Move from England to Netherlands (1607-1609)
d.i.1. Felt Dutch were corrupting influence
d.i.1.a. Liberal lifestyle, no
a. Money = Power
b. As a Moral Revolution
b.i. Trade
b.i.1. Good producing colonies are essential to the economic growth of an empire
b.ii. A fixed supply of wealth exists in the world
b.iii. To augment one’s wealth, one must take the wealth of one’s rival
b.iv. wars of trade now replace wars of religion
c. Principles
c.i. The state must control trade in order to:
c.i.1. Enhance national strength
c.i.2. Provide self-sufficiency
c.i.3. Pay a standing military
c.ii. Favorable balance of trade must exist
c.iii. Concentration on production or marketable goods
c.iv. Limits on importation of goods and services
c.v. Necessary accumulation of hard currency, silver and gold, to support national wealth and power
d. Great Britain
d.i. Four major aims:
d.i.1. Encourage growth of a native merchant marine fleet
d.i.2. Protect English manufacturers from foreign competition
d.i.3. Protect English farmers, especially grain farmers
d.i.4. Accumulate as much hard currency as possible
d.i.4.a. Colonists to pay for everything with hard currency
d.i.4.a.i. Paper script not recognized as legal tender - drains gold from American colonies
2. Jamestown and Plymouth
a. Arrival
a.i. 1607
a.i.1. 104 men
a.i.2. First permanent English settlement in Western Hemisphere
b. 1620
b.i. Mayflower arrives at Plymouth
c. Jamestown
c.i. Economic motivation
c.i.1. 1606 - Virginia Company founded
c.i.1.a. Expand English trade
c.i.1.b. Open markets for English manufactured goods
c.i.1.c. Attain financial profit through sales of stock
c.ii. Settlers
c.ii.1. Young, inexperienced, unwilling to work, no wilderness survival skills
c.ii.2. Internal fighting
c.ii.3. Poor relations with Natives (Powhatan)
c.ii.4. Absence of family unit
c.iii. Of original 104 settlers, only 38 survive the first year
d. Religious motivation
d.i. Move from England to Netherlands (1607-1609)
d.i.1. Felt Dutch were corrupting influence
d.i.1.a. Liberal lifestyle, no