What was exchanged between Caribbean colonies?
Why did European countries and stock companies establish the North American colonies For more wealth and power What was the main goal of the colonists who moved to North America Opportunities to make money What was the main goal of the coastal African kingdoms that were part of the slave trade? to obtain guns and other products from Europe
Caribbean colonies received bills of credit by sale of Sugar The Navigation Acts supported the idea that the role of colonies was to provide England Raw Materials and Markets Why were English criminals brought to the American colonies They provided labor at a lower cost than slaves
In the trade network, American colonists depended on England for Factory goods Which of these is true about the Navigation Acts They encouraged shipbuilding in the American colonies Caribbean colonies received bills of credit by sale of
Verified by Expert. Bills of credit was exchanged between both the Caribbean colonies and England and the Caribbean colonies and North America. There was a trade between three regions known as triangular trade.
It also revealed that Britain regarded the economic well being of the Caribbean colonies was more important than that of the American colonies. The small sugar islands were producing disproportionately more wealth for their size than any of the North American colonies.
In order to control trade with its American colonies and therefore to maintain mercantilism, England passed laws, acts, tariffs and taxes all intended to monopolize trade and to control the American colonies. Thus it was through these acts and laws, England tried to control trade with its American colonies.
As they fought for dominance in the Caribbean, their economies became increasingly dependent on the rich exports from the region, which helped finance further expansion and solidify British dominance in North America.
triangular trade: A system of exchange of slaves, cash crops, and manufactured goods between West Africa, Caribbean or American colonies, and Europe from the late 16th to early 19th centuries. First Atlantic System: The part of the slave trade dominated by the Portuguese and Spanish.