KEY TERMS Key Terms and People to Know for the Regents Exam
Mercantilism
Under mercantilism, the American colonies shipped cheap raw materials to England while the British sold expensive manufactured goods back to the colonies. The British limited manufacturing in America and limited the colonies’ trade with other nations.
Salutary Neglect
For a period of time before 1763, the British practiced a policy called salutary neglect. Because the colonies were prospering, Britain ignored some of the rules of mercantilism and allowed the colonies to develop some independent trade practices.
Triangular Trade
In the 1700s, the triangular trade between England, the Colonies, and Africa led directly to the increased importation of enslaved Africans to the Western Hemisphere. Most slaves worked on plantations in the Southern Colonies or the Caribbean.