THE ROAD TO INDPENDENCE -1753-1778 THE MERCANTILE THEORY Policy of all major European nations from 16th to l8th centuries. Mercantilism – Belief that wealth was power and that a country’s economic wealth (both military and political power) could be measured by the amount of gold or silver in its treasury. Mercantilism Elements of the Theory To get gold, must export more than import Colonies provide export markets Colonies provide source for raw material Colonies can’t trade with others Colonies can’t produce their own finished goods Encourage colonies to produce what mother country must import Mercantilism Trammels On Trade Parliament passed many laws to enforce the mercantile system Navigation Laws – most famous Significance Other Laws Merits of Mercantilism Salutary Neglect. Robert Walpole. Smuggling. Americans did reap many direct benefits from Mercantilism. What were they? Benefits of Mercantilism Price supports and subsidies helped them compete against the Europeans. Tobacco monopoly. They had rights of Englishmen and opportunities for self-government. Protection of the strong British army and Navy Prosperity trickled down The Menace Of Mercantilism Downside to Mercantilism It hurt economic initiative Southern planters were treated more favorably. Mercantilism was humiliating to Americans • “Revolution broke out because England failed to recognize an emerging nation when it saw one”my FAVORITE President The Aftermath: Tensions Along the Frontier 1763 Pontiac’s Rebellion Fort Detroit British “gifts” of smallpox-infected blankets from Fort Pitt. Pontiac’s Rebellion BACKLASH! Proclamation of 1763 The Stamp Tax Uproar After the war, Brits wanted to start taxing the American Colonies. George Grenville Why? Prime Minister End of Salutary Neglect. Revenue Acts New Mercantilist Laws Sugar Act—1764 Quartering Act of 1765 Currency Act Stamp Act —1765 This Act became the most hated Stamp Act What it required Who it antagonized British view of its fairness American view of its fairness No taxation without representation Virtual representation Parliament Forced To Repeal The Stamp Act Stamp Act Congress of 1765 Non-importation agreements of British goods Sons of Liberty and Daughters of Liberty Declaratory Act Tarring and Feathering a Tax Stamp Agent The Townshend Tea Tax And The Boston Massacre Charles “Champagne Charlie” Townsend emerges as PM 1767-Parliament passes the Townshend Acts Colonists object Reasons 1768 British officials landed 2 regiments of troops (700) in Boston Boston Massacre The Seditious Committees Of Correspondence Townsend Acts were a failure Sam Adams Sam Adams Repealed Tea? Organized the local Committees of Correspondence in Mass Purposes? Boston Tea Party 1773-British East India Company had a big problem What was it? How did Parliament try to remedy it? Why was Parliament so motivated to fix the problem? Tea Act 1773 Britain gave BEIC a complete monopoly on the American tea business. Consequences: Able to sell tea more cheaply than the smuggled tea Cuts out the American middle-man Angers colonists. Americans see as a trick to make the tax palatable. Boston Tea Party None of the tea cargo of the Company reached its destination. Maryland South Carolina Boston — • Dec. 16, 1773. • 342 chests of tea smashed and dumped the tea into Boston harbor. • Boston Tea party Boston Tea Party Response to Boston Tea Party Reactions of public Reaction of Parliament Intolerable Acts Boston Port Mass. Government Act Quartering Act Admin. of Justice Act Quebec Act - 1774 Not part of the Intolerable Acts. But passed at the same time. What did it say? Colonists believed it was “intolerable” and designed to punish them. Why? Quebec Before and After 1774 The Continental Congress And Bloodshed First Continental Congress 1774 Philadelphia Reasoning? 12 Colonies 55 Delegates Drew up a Declaration of Rights The Continental Congress And Bloodshed Expressed loyalty to Britain Demanded repeal of all British laws taxing colonists Banned all trade with Britain Organized Continental Association to enforce the ban Nonimportation, nonexportation, nonconsumption Advised each colony to form a militia Pledged to meet again if demands were not met Lexington and Concord Sam Adams John Hancock Paul Revere Shot Heard Round the World Lexington Strengths and Weaknesses British Strengths British Weaknesses American Strengths American Weaknesses