Timeline and mercantilism

Road to the American Revolution:Timeline

1754-French and Indian war

1763-Proclamation of 1763

1764- Sugar Act

1765-Stamp Act

1766-declaratory act

1767-townshend acts

1770-boston massacre

1773-tea act

1773-boston tea party

1774-intolerable act

1774-firstcotinental congress

1775-lexington and concord

mercantilism: way to organize economy

goal: to make mother counry wealty

ideas

• establish colonies

• control/ regulate trade

• export raw materials& resources from colony to mother country

• export finished products from MC to coloy

• Favorable trade balance for MC

1. navigation acts

   1. attempts by britainto control trade

2. saluatory neglect

   1. britains hands off approach helped colonies

   2. until 1760s

why mercantilism was good for colonies:

1. guaranteed markets

2. protection from competition

3. especially helpful when young colonies to limit risk

4. raised prices for smugglers

mercantilism bad:

1. limited opportunites to trade

2. industrial developemnt restricted

   1. certain UK industries protected

3. england gets more colonies get less

4. colonies have trade deficit

5. colonies lack specie/money

what went wrong

french and indian war