Chelsey Lopez Apush Colonial Era Test Topics: Chapter 1 -7 Causes of Expansion Christian Crusades: control over Holy Land from Muslims‚ exotic delight from asia (silk‚ sugar) Marco Polo: venetian merchant traveler‚ introduced Europeans to Central Asia and China Improvement in navigation tech. Primogeniture: the legal principal that the firstborn to inherit entire estate (property & land) Development of Joint Stock companies: economic arrangement by which number of investors poo their
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2nd/4th Quarter Benchmark Study Guide Part 1 – 12% Unit Standard: 12.4 Students analyze the unique roles and responsibilities of the three branches of government established by the U.S. Constitution. 12.4.5 Discuss Article lll of the Constitution as it relates to judicial power‚ including the length of terms of judges and the jurisdiction of the Supreme Court. Reference: Chapter 18 (pages 506-511; 517-522) Identify the subject and the key components of Article III of the constitution:
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being the least taxed nation in the modern era to a colony that was heavily taxed as to pay for the losses. Furthermore‚ the colonists favored capitalism over mercantilism‚ the crown’s primary economic system. Because the colonists were allowed to only trade with England‚ their economic opportunities were restricted to a great extent. Mercantilism was too aggressive‚ and the colonists simply had different economic interests. Due to acts such as the Navigation Act which restricted the land colonists could
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free trade is what will bring about wealth in a nation. He is against the Mercantilist approach to the ban on imports‚ by either enforcing high duties or just absolute prohibition‚ as he believes this has a negative impact on society as a whole. Mercantilism during his time was the popular system in England where he resided. As discussed
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An economy or economic system consists of the production‚ distribution or trade‚ and consumption of limited goods and services by different agents in a given geographical location. The economic agents can be individuals‚ businesses‚ organizations‚ or governments. Transactions occur when two parties agree to the value or price of the transacted good or service‚ commonly expressed in a certain currency. In the past‚ economic activity was theorized to be bounded by natural resources‚ labor‚ and capital
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Identification Items: Mercantilism: Economic practice common in Europe from the 16th to the 18th century. British and other imperial power’s policy to regulate the economy of their colonies. The policy prohibited the colonies to trade with other nations‚ monopolizing markets and banning the export of gold and silver. Mercantilism demanded that a nation must export more than it imports. Mercantilism was a cause of many wars and also the expansion of colonization. William Penn: English real
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of his economic works; although his biggest accomplishment‚ An Inquiry into the Principles of Political Economy‚ would not be completed until after he returned from the exile. Steuart’s work was most prominent in the late-1760s. At this time‚ mercantilism is coming to an end‚ and Steuart was one of the last mercantilists.
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economy. English merchants could trade many of their own goods in exchange for the slaves needed to make sugar‚ so they could help the growth of the sugar trade as well as the growth of the economy (Doc 11). The English economy also flourished due to mercantilism which emerged in 1660 and aided England by making sure that more money and goods were coming into England than were
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The Rise of the United Provinces of the Netherlands and Prussia The United Provinces of the Netherlands and Prussia both rose to become prominent players in Europe during the 17th and 18th centuries. The Dutch rose to power first‚ through resisting Spanish control and gaining their independence. The House of Orange was thwarted from gaining absolute authority and establishing a monarchy‚ so by 1700 the Dutch provinces became a republic. Later in the 17th century than the Dutch’s rise was the
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loss of the Thirteen colonies realization that colonies were not part of economically beneficial to Great Britain. Great Britain afford no great economic benefits when trade would countries whether the oversea political entities. British abandoned mercantilism in 1840 and used free trade which few barriers or tariff. in 1846 the cron law were passed which were agriculture on domestic grain. In the 18th century Britain also experience the degree of regional specialization. the advance and economic in
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