Prior knowledge
What is the difference between an import and an export?
Bell work
Do you think the United States is better known for exporting its products to other nations, or importing goods in from other nations? Explain.
The Colonial Economy
Mercantilism- a nation exports more than it imports in order to improve the economy
Navigation Acts (1651-1673)
Goods from America were shipped directly to England at a discount price, who would then sell them to whoever they wanted
Only British ships could carry goods to other countries
Indentured Servants
Poor Europeans could secure passage to the colonies if they agreed to work for a master
What is the difference between an import and an export?
Bell work
Do you think the United States is better known for exporting its products to other nations, or importing goods in from other nations? Explain.
The Colonial Economy
Mercantilism- a nation exports more than it imports in order to improve the economy
Navigation Acts (1651-1673)
Indentured Servants
Homework
WS- Contrasting Views on Mercantilism