Describe the relationship between mercantilist assumptions, Parliament's Navigation Acts, and the development of the colonial American economy
What will be an ideal response?
Mercantilists assumed that national wealth (a favorable balance of trade) meant national power. The Navigation Acts were designed to produce that wealth for England (enumerated articles, etc.). The navigation system placed some burdens upon the colonial American economy (depressed the tobacco market, restricted manufacturing), but also provided some benefits (stimulated shipbuilding, subsidies for indigo production).
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The wave of German immigration in the central 1800s included about
A) 2 million Jews. B) 500,000 Jews. C) 1 million Jews. D) 250,000 Jews.
Who advocated natural economic laws as the leader of the Physiocrats?
a. Denis Diderot b. Adam Smith c. Francois Quesnay d. Cesare Beccaria e. David Hume
"Flipping" referred to the method by which people
A) sold houses and quickly sold them at a loss. B) bought houses and quickly sold them at a profit. C) sold houses to pay off mortgages to the bank. D) bought houses and sold them at a loss.
Examine the dynamics of family, gender, and class in the colonies from 1660 to 1750.
What will be an ideal response?