Creating Anglo-America, 1660-1750

Colonial Economics

Mercantilism

• The prevailing European economic theory of the time

• Government regulation of the economy to promote national power and wealth

The idea that the “economic pie” is fixed; it doesn’t grow or shrink, the only way for one country to get more, other countries have to lose it.

Quaker Liberty

• Penn hoped to govern PA along Quaker principles

• Equality for all persons

Land in Pennsylvania

• Penn appointed a council

• Penn owned all the land and sold it at law prices

• Conditions attracted many from Western Europe

• Negative impact on natives over time