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Policies of Mercantilism
These Policies took many forms:
Domestically, governments would provide capital to new industries.
Exempt new industries from guild rules and taxes.
Establish monopolies over local and colonial markets.
Grant titles and pensions to successful producers.
The government assisted local industry by imposing tariffs, quotas, and
prohibitions on imports of goods that competed with local
manufacturers.
Governments also prohibited the export of tools and capital equipment
and the emigration of skilled labor that would allow foreign countries.
Governments also prohibited the export of tools and capital equipment
and the emigration of skilled labor that would allow foreign countries
Salutary Neglect
Salutary neglect is an American history term that refers
to an unofficial and long-term 17th- & 18th-century British
policy of avoiding strict enforcement of parliamentary
laws, meant to keep not American colonies obedient to
England.
Salutary neglect was a large contributing factor that led
to the American Revolutionary War.
To what extent "salutary neglect" constituted an actual
neglect of colonial affairs, as the name suggests, versus a
conscious policy of the British government, is
controversial among historians, and also varies with
national perspective.
Bibliographies:
WEB:
Econlib.org,. 'Mercantilism: The
Concise Encyclopedia Of
Economics | Library Of
Economics And Liberty'. N.p.,
2015. Web. 20 Jan. 2015.
Wikipedia,. 'Salutary Neglect'.
N.p., 2015. Web. 20 Jan. 2015.
Wikipedia,. 'Dominion Of New
England'. N.p., 2015. Web. 20
Jan. 2015.
PICTURE: