Mercantilism is a nationalist economic policy that is designed to maximize the exports and minimize the imports for an economy. In other words, it seeks to maximize the accumulation of resources within the country and use those resources for one-sided trade.
Mahogany is a straight-grained, reddish-brown timber of three tropical hardwood species of the genus Swietenia, indigenous to the Americas and part of the pantropical chinaberry family, Meliaceae. Mahogany is used commercially for a wide variety of goods, due to its coloring and durable nature. It is naturally found within the Americas, but has also been imported to plantations across Asia and Oceania. The mahogany trade may have begun as early as the 16th century and flourished in the 17th and 18th centuries. In certain countries, mahogany is considered an invasive species.
The Embargo Act of 1807 was a general trade embargo on all foreign nations that was enacted by the United States Congress. As a successor or replacement law for the 1806 Non-importation Act and passed as the Napoleonic Wars continued, it represented an escalation of attempts to persuade Britain to stop any impressment of American sailors and to respect American sovereignty and neutrality but also attempted to pressure France and other nations in the pursuit of general diplomatic and economic leverage.
The Anglo–Dutch Wars were a series of conflicts mainly fought between the Dutch Republic and England in the mid-17th and late 18th century. The first three wars occurred in the second half of the 17th century over trade and overseas colonies, while the fourth was fought a century later. Almost all the battles were naval engagements.
The era of piracy in the Caribbean began in the 1500s and phased out in the 1830s after the navies of the nations of Western Europe and North America with colonies in the Caribbean began combating pirates. The period during which pirates were most successful was from the 1660s to the 1730s. Piracy flourished in the Caribbean because of the existence of pirate seaports such as Port Royal in Jamaica, Tortuga in Haiti, and Nassau in the Bahamas. Piracy in the Caribbean was part of a larger historical phenomenon of piracy, as it existed close to major trade and exploration routes in almost all the five oceans.
The Navigation Acts, or more broadly the Acts of Trade and Navigation, were a long series of English laws that developed, promoted, and regulated English ships, shipping, trade, and commerce between other countries and with its own colonies. The laws also regulated England's fisheries and restricted foreign—including Scottish and Irish—participation in its colonial trade. While based on earlier precedents, they were first enacted in 1651 under the Commonwealth.
Triangular trade or triangle trade is trade between three ports or regions. Triangular trade usually evolves when a region has export commodities that are not required in the region from which its major imports come. It has been used to offset trade imbalances between different regions.
A broad arrow, of which a pheon is a variant, is a stylised representation of a metal arrowhead, comprising a tang and two barbs meeting at a point. It is a symbol used traditionally in heraldry, most notably in England, and later by the British government to mark government property. It became particularly associated with the Board of Ordnance, and later the War Department and the Ministry of Defence. It was exported to other parts of the British Empire, where it was used in similar official contexts.
Sir Thomas Mun was an English writer on economics and is often referred to as the last of the early mercantilists. Most notably, he is known for serving as the director of the East India Company. Due to his strong belief in the state and his prior experience as a merchant, Mun took on a prominent role during the economic depression which began in 1620. To defend the East India Company and to regain England's economic stability, Mun published A Discourse of Trade from England unto the East-Indies.
The Old China Trade refers to the early commerce between the Qing Empire and the United States under the Canton System, spanning from shortly after the end of the American Revolutionary War in 1783 to the Treaty of Wanghia in 1844. The Old China Trade represented the beginning of relations between the United States and East Asia, including eventually U.S.–China relations. The maritime fur trade was a major aspect of the Old China Trade, as was illegal trafficking in opium. The trade era overlapped the First Opium War, which resulted from an attempt by China to enforce its prohibition on opium smuggling by Western traders and blockade-runners.
The Molasses Act 1733 was an Act of the Parliament of Great Britain that imposed a tax of six pence per gallon on imports of molasses from non-British colonies. Parliament created the act largely at the insistence of large plantation owners in the British West Indies. The Act was passed not to raise revenue but to regulate trade by making British products cheaper than those from the French West Indies. The Act greatly affected the significant colonial molasses trade.
The maritime history of England involves events including shipping, ports, navigation, and seamen, as well as marine sciences, exploration, trade, and maritime themes in the arts of England. Until the advent of air transport and the creation of the Channel Tunnel, marine transport was the only way of reaching the rest of Europe from England and for this reason, maritime trade and naval power have always had great importance. Prior to the Acts of Union in 1707, the maritime history of the British Isles was largely dominated by England.
The Ottawa River timber trade, also known as the Ottawa Valley timber trade or Ottawa River lumber trade, was the nineteenth century production of wood products by Canada on areas of the Ottawa River and the regions of the Ottawa Valley and western Quebec, destined for British and American markets. It was the major industry of the historical colonies of Upper Canada and Lower Canada and it created an entrepreneur known as a lumber baron. The trade in squared timber and later sawed lumber led to population growth and prosperity to communities in the Ottawa Valley, especially the city of Bytown. The product was chiefly red and white pine.The Ottawa River being conveniently located with access via the St. Lawrence River, was a valuable region due to its great pine forests surpassing any others nearby. The industry lasted until around 1900 as both markets and supplies decreased, it was then reoriented to the production of wood pulp which continued until the late 1990s and early 2000s.
The history of the lumber industry in the United States spans from the precolonial period of British timber speculation, subsequent British colonization, and American development into the twenty-first century. Following the near eradication of domestic timber on the British Isles, the abundance of old-growth forests in the New World posed an attractive alternative to importing choice timber from the Baltic via the narrow straits and channels between Denmark and Sweden. The easily available timber proved an incredible resource to early settlers, with both domestic consumption and overseas trade fueling demand. The industry expanded rapidly as Americans logged their way across the country. In this pursuit, hundreds of thousands of indigenous peoples were displaced, murdered, and enslaved for the purpose of the timber industry.
The information about Scotland's domestic and foreign trade during the Middle Ages is limited. In the early Middle Ages the rise of Christianity meant that wine and precious metals were imported for use in religious rites. Imported goods found in archaeological sites of the period include ceramics and glass, while many sites indicate iron and precious metal working. The slave trade was also important and in the Irish Sea it may have been stimulated by the arrival of the Vikings from the late eighth century.
Scottish trade in the early modern era includes all forms of economic exchange within Scotland and between the country and locations outwith its boundaries, between the early sixteenth century and the mid-eighteenth. The period roughly corresponds to the early modern era, beginning with the Renaissance and Reformation and ending with the last Jacobite risings and the beginnings of the Industrial Revolution.
Shipbuilding in the American colonies was the development of the shipbuilding industry in North America, from British colonization to American independence.
Baltic maritime trade began in the Late Middle Ages and continued to develop into the early modern period. During this time, ships carrying goods from the Baltic and North Sea passed along the Øresund, or the Sound, connecting areas like the Gulf of Finland to the Skagerrak. Over a period of 400 years, maritime powers in the east and west struggled to control these markets and the trade routes between them. The Baltic trading system of this era can be explained as beginning with the Hanseatic League and ending with the Great Nordic War.
The colonial molasses trade occurred throughout the seventeenth, eighteenth and nineteenth centuries in the European colonies in the Americas. Molasses was a major trading product in the Americas, being produced by enslaved Africans on sugar plantations on European colonies. The good was a major import for the British North American colonies, which used molasses to produce rum, especially distilleries in New England. The finished product was then exported to Europe as part of the triangular trade.
The Great Bullion Famine was a shortage of precious metals that struck Europe in the 15th century, with the worst years of the famine lasting from 1457 to 1464. During the Middle Ages, gold and silver coins saw widespread use as currency in Europe, and facilitated trade with the Middle East and Asia; the shortage of these metals therefore became a problem for European economies. The main cause for the bullion famine was outflow of silver to the East unequaled by European mining output, although 15th century contemporaries believed the bullion famine to be caused by hoarding.
