The conflicts between the parent country and its North Americans colonials were planted and later ended with the war.
What were the interests and goals after the colonial effects?
The conflict resulted in the war. And Britain defeated the French with its allies and it became a global conflict also. Now the British are facing the problem of imperial debts and maintaining order is becoming a challenge. British leaders tighten the control so that rules and regulations should not be affected.
Later, the parliament enacted the sugar act to raise revenue through taxes. And they started putting taxes on books and other things also. They also tightened control on navigation as well as on trade to generate revenue. They also made the law to put taxes on the paper as well as on stamps based on the stamp act rule.
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The tariff on the eggs were higher in the U.S.A than in Europe.
It increased the population by thousands because people from all around wanted to come to mine for gold
Because it was wasting money and northerners were sick of trying to hold back Southerners from treating blacks poorly
Some of the arguments made by Thomas Mun on mercantilism policies are:
- English international commerce should be conducted using English ships.
- The English should export their domestic products but not their money.
- The English should decrease their purchases of foreign foods and clothing.
<h3>What was Thomas Mun contribution?</h3>
He was an English writer on economics who gave the clear statement of the theory of the balance of trade. He came into prominence in England during the economic depression of 1620 when many people had blamed the East India Company for the economic downturn because the company financed its trade by exporting £30,000 in bullion on each voyage.
In "Discourse of Trade", Mun argued that as long as the England’s total exports exceeded its total imports in the process of visible trade, the export of bullion was not harmful and that the money earned on the sale of reexported East Indian goods exceeded the amount of originally exported bullion with which those goods were purchased.
However, the argument of Mun may have been made in self-interest as he was affiliated with the East India Company and was appointed to the standing commission on trade in 1622.
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