Mercantilism and the Navigation Acts Acrostic Poem

M ercantilism, the economic system in which a country tries to keep as much wealth as possible.
E xport more items of more value than it imports
BefoRe the Navigation Acts, colonists feely traded with the West Indies, Africa, and European nations like Spain and France
C olonists could only trade with English merchants and use English Vessels, after the Navigation Acts
A n extra tax needed to be payed if they wanted to trade with non-English merchants.
N avigation Acts were passed by Charles II because he felt it was necessary to provide the maximum profit to England
T hey(colonists)  were limited in selling certain goods only to England.
I n effect from 1651-1700s
JaiL time, fines, confiscation of goods and ships were all punishments for those who did not follow the rules.
“For the Increase of sipping and encouragement of the navigation of this nation,”
S hips were subject to boarding and search at any time.
M ercantilism, the economic system in which a country tries to keep as much wealth as possible.