After the British takeover of the New Netherlands, the control of the entire economic and political affairs went into the hands of the English Crown.
<h3>What is the significance of the British takeover of the New Netherlands?</h3>
The British gained a control over the New Netherlands in the second half of the seventeenth century. After this takeover, there was complete transfer of the control of economic and political affairs of the society.
The event of the British takeover of the New Netherlands was led by Richard Nicholls at the New York Harbor. The Dutch readily gave the control in the British hands, avoiding a fight.
Hence, the significance of the British takeover of the New Netherlands is aforementioned.
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Acquiring colonies to provide a favorable balance of trade.
Mercantilism was the theory that trade generates wealth and peer, so gathering colonies that stimulate trade would fall under mercantilism.
<span>Papal power reached its greatest height</span>
Money was not trickling down
The wealthy were unwilling to invest their money in an unstable economy. Therefore no trickle down of wealth was occurring for those unemployed or poor.
