Navigation Act: trade law (jul 25, 1651 – jul 25, 1849)
Description:
Mercantilism- prevented colonists from selling their valuable products to any country except Britain
- colonies had to pay high taxes on imported French & Dutch goods
Britain's policies benefitted both colonies and the motherland
- Britain bought American raw materials for low prices
- Britain sold manufactured goods to the colonists
- colonial merchants also thrived despite trade restrictions
Added to timeline:
Date:
jul 25, 1651
jul 25, 1849
~ 198 years