Mercantilism By: Lana Yuen
...nt did was giving a monopoly over the British market by excluding foreign tobacco, which did hurt British consumers. The third impact was that the Parliament did was use British tax money to pay Americans for producing certain items. Also, the parliament tried to minimize the costs of landing tobacco and rice in Britain by refunding these duties on all tobacco and rice that the colonists later shipped to other countries. About eighty-five percent of all American tobacco and rice was eventually reexported outside the British empire. America’s economy grew at a per capita rate of 0.6 percent annually from 1650 to 1770, a pace twice that of Britain. Colonial complaints against Britain began raged in the late seventeenth century but quietly died down. Then, after the Seven Year's War and the French and Indian War, the Parliament began to pass and enforce Acts that hit colonists directly such as the Stamp Act. Other Acts such as the Sugar Act ,Writs of Assistance, Tea Act and The Coercive Act were passed in order to raise money for the costs of the two wars. England thought the colonists would eventually begin to realize that they...