tobacco) ○ Goods to America had to go through England first ○ Eliminate manufacturing competition w/ colonies ○ Molasses Act -taxes on rum, sugar, anything imported from French Caribbean Pro/Con Mercantilism ● Colonial Positives ○ No effect on colonial economy (until 1763) ○ Enjoyed the rights of Englishmen ○ Self-Government ○ Military protection ○ Profits from manufacturing and trade ● Colonial Negatives ○ Manufacturing hindered ○ Southern/Chesapeake colonies especially suffer as export prices drop ○ New Englands resentment toward Southern policy ○ Writs of Assistance ■ British search warrants for colonial ships ■ James Otis utters famous words