belief in the benefits of profitable trading; commercialism. (aka Power=Wealth.)
balance of trade
the difference between a country's total exports and total imports.
send (goods or services) to another country for sale.
bring (goods or services) into a country from abroad for sale.
positive balance of trade
exports greater than imports
negative balance of trade
when a country imports more than it exports
a group of people who leave their native country to form in a new land a settlement subject to, or connected with, the parent nation.
thirteen colonies. English established colonies for several reasons; founded with the idea that people would have a substantial autonomy and liberty in regards to political and religious life.
found in the Great Lakes region, traded fur with the Native Americans, got along well with the Natives
When most people came to America most believed that wealth was limited.
- Carribbean- Mexico- Florida- South America
A hands-off policy of England toward its American colonies during the first half of the 1700's. Did not enforce the Navigation Acts.