Economics in Colonial America-

country depended upon its political power, which can be traced to how

self-sufficient it was. Striving to be self-sufficient was what

nations sought after; dependency was not a characteristic of a

powerful nation. Raw materials were the most required item to

strengthen the central government, and deter interactions, such as

trade with other nations. The first country to introduce mercantilism

in America was Spain. The spanish american colonies were not allowed

to trade directly with Europe. Instead they had to funnel all of the

sugar and tobacco, two common commdities of the new land, through

Spain. When this was done, heavy custom duties were imposed and the

central government gained. Spanish American colonies were forced into

providing precious metals and raw materials to the mother country.

These colonies existed only to enrich spain, even if the economic

policies adversly effected the well-being of the colonies. This grip

caused the central economy of Spain to grow at the expense of the

colonies. During the duration of this period, the 1500's through the

1700's, mercantilism had a major effect on the economies in

. . .
Some common words found in the essay are:
Stamp Act, Bank United, Molasses Act, Navigation Act, Spanish American, Kurland British, America Hamiltons, Colonial America-, Staple Act, Britain British, political power, central government, english colonies, navigation act, american colonies, stamp act, raw materials, pence gallon, molasses act, staple act, strengthening central government, building political power, spanish american colonies, outside british empire, central government england,
Approximate Word count = 1645
Approximate Pages = 7 (250 words per page double spaced)