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colonies used to obtain goods from afar without having to send gold to other countries, forced to export back to england
controls on imports from other countries to prevent gold leaving country
based on mercantilist principles to keep england’s wealth in its own hands
embargoes were ended and british companies couldn’t compete against more competitive dutch ones
although generally obeyed, some smuggling, especially after defeat in 2nd anglo dutch war
navy grew dramatically in size
resented in american colonies and may have caused american revolution
economically damaging as based on principle that there is limited amount of wealth when trade could actually increase wealth
late 16th century, trade in africans began, merchants would capture and take to trade in america, initially small scale
colonies grew after the restoration so demand for slaves grew
RAC goo en exclusive rights to trade in west africa, profits split 50/50 between company and charles
RAC was intended to trade along west of africa but soon turned to slavery earn it received a new royal charter
in 1680s, company was transporting around 5,000 slaves a year
sugar became widely
coffee houses developed form these new ports
elaborate houses built on the new land in america