Colonial Commerce I: Mercantilism and The Plantation Economy


  1. The Colonies as "Colonial"
  2. The Economic Organization of the English/British Empire--Mercantilism
    1. Central Proposition--National Power Dependent on Favorable Balance of Trade
      1. Drawing in Gold and Silver
      2. Self-Sufficiency
    2. The Role of The Colonies
      1. Suppliers of Essential Commodities
        1. National Security--Naval Stores
        2. Essential Industrial Raw Materials--Indigo
        3. "Exotic" Goods for Export--Tobacco, Rice, Sugar
      2. Purchasers of Manufactured Goods From the "Mother Country"
      3. Prohibitions--The Navigation Acts
        1. No Competition With Productions of the Mother Country
          1. Manufactures
          2. English Farm Products
        2. English/British Monopoly on Trade Within the Empire
        3. Controls on Exports of "Enumerated Goods" (e.g. Tobacco, Rice, Indigo)
  3. The Outlines of Colonial Commerce--The Plantation Districts
    1. The Chesapeake as Case Study
      1. Seventeenth Century--Direct Planter Ties to London
        1. The Consignment System--The London Factor as Ultimate Decision-Maker
        2. The Planter as Middleman
        3. Little Commercial Development--Slight Urbanization
      2. Eighteenth Century--The Rise of Glasgow
        1. The Scots and the French Tobacco Monopoly
        2. A More Sophisticated Commercial System
          1. Central Warehouses
          2. Direct Dealings With Interior Farmers--The Scottish Country Store
        3. Commerce Still in the Hands of Outsiders
    2. A Variant System--Carolina and Charles Town (Charleston)