Question

"The first of these was passed in 1651, with the primary rule that no goods grown or manufactured Africa, the Americas, or Asia could be brought into England except in English vessels. Additionally, goods from any European country imported into England must be brought in British ships or in the ships of the country that produced them

In 1660, a more infamous part of this act was passed. It forbade importing goods into or exporting goods out of the British colonies unless British ships were used in the process. Additionally, certain products such as cotton, sugar, & tobacco could not be shipped to any country except England or to another English colony.

This passage is reflecting of a colonial law that is based on the economic theory of:

A) Laissez-faire economics
B) Mercantilism
C) Free trade
D) Capitalism

Answer 1

The colonial law described in the passage is based on the economic theory of Mercantilism. Mercantilism is the belief that a country's wealth and power depend on accumulating precious metals like gold and silver. England enacted laws known as the Navigation Acts to control trade with its colonies and maintain economic dominance.

Step-by-step explanation:

The colonial law described in the passage is based on the economic theory of Mercantilism.

Mercantilism is the belief that a country's wealth and power depend on accumulating precious metals like gold and silver. Under mercantilism, countries implemented policies that promoted exports and restricted imports to maintain a favorable balance of trade. In the case of the Navigation Acts, England enacted laws to control trade with its colonies and ensure that raw materials were sent to England for manufacturing, and finished goods were sold back to the colonies at higher prices. These laws aimed to increase England's wealth and power.