Mercantilism In 18th Century

Unlike in today’s world we can trade anywhere in the world. Mercantilism is the belief in the benefits of profitable trading. Mercantilism was a very popular in the 17th and 18th century. The English thought that mercantilism was a way for a nation or a person would be rich on at the expense of another. Also that nation’s only way of surviving was to sell everything they had to other countries. Tobacco became very popular all over the world. The British made their own tobacco and it was very bad tobacco. To keep their prices high and make money they wouldn’t trade with Spain because Spain made the best tobacco. People could get jobs and make a lot of money with working with the tobacco because to grow tobacco uses a lot of labor then tobacco
can be expensive so the owners of the tobacco lands make a lot of money and can pay their workers due to mercantilist practices. Everyone’s goal in this age of time was to protect their trading and at the same time make a lot of money. In the 1650s parliament passed laws to keep Dutch sips out of the colonies. Later parliament past 3 navigation acts. First was that they closed colonies to all trade except carried by English ships. They also required tobacco and other items to exported from the colonies only to England. The second act was that all goods that pass through England on the way would be subject to English taxation. The final act was imposed duties on the coastal trade. These acts formed a basis of England’s regulation for a century.