feb 1, 1709 - 18th Century Atlantic Economy

Description:

North Atlantic Trade
European wants largely shaped trade
Enslaved Africans very important
Early 1700’s- more goods and more diverse
Flow of information-> coffeehouses in port towns
Volatile investing
News became worldwide
Culture overall became more uniform


Mercantilism
Favorable balance of trade for home country
1600’s and 1700’s, britain, france
More money coming in than out- includes colonies
Navigation Acts
Trade with english colonies and certain foreign imports has to be in english owned ships
Everything from colonies needs to go straight to england
1650’s and 60’s
Prohibited smuggling, established guidelines for legal commerce, and set duties on trade items
More money money money for the crown

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