Mercantilism
What was it
The economic system employed by many European countries was established to help people make their country prosperous.
How did it get its name?
All purchased documents were represented by a stamp.
Who did it hurt?
The Merchants
Who were the colonists allowed to trade with?
England only
What did it require colonists to buy? 100 points per answer
– Stamped paper for legal docs
– Newspapers
Why were the colonists mad?
Because the British East India Company had that advantage, too much power
When did it end
1776
On what day did it go into effect(Month/ day/ year)in the colonies?
November 1st 1965
What did they do to stop the selling of tea
They protested against British taxation
Why did the colonists decide to use this system
The American colonists decided to adopt this system and try to make their country rich.
How much debt was England in?
140 million dollars.
What year was it
1773
Why did the colonists end it?
They felt like they had no control
What was it, and why was it formed?
I was a law passed by the British Parliament, to help pay off the debt.
What was the name of the Company
The British East India Company