Model Question and Answers for APSC | American Revolution was an economic revolt against mercantilism. Substantiate.

American Revolution was an economic revolt against mercantilism. Substantiate.

Model Question and Answers for APSC | American Revolution was an economic revolt against mercantilism. Substantiate.

Ans: Mercantilism exists to increase a country's wealth through its exports. British economic growth was propelled by raw materials supplied by its colonies so the nation could export finished products. Mercantilism brought about many acts against humanity, including slavery and an imbalanced system of trade.

During Great Britain's mercantilist period, colonies faced periods of inflation and excessive taxation, which caused great distress. Angry and frustrated American colonists revolted against the British, which led to the American Revolution and the end of mercantilism.

 

An economic revolt against mercantilism:

  • The basis of England's mercantile policy was that the State’s power depends on its wealth and colonies existed to serve the mother In fulfilment of this ideology, the British started imposing many restrictions on colonies through Navigation Act, Trade Acts, and Industry Acts.
  • Navigation Law of 1651 – It was compulsory for American ships to visit British ports before leaving for other parts of the Colonies were not allowed to use on-British ships in their trade.
  • Certain products such as sugar, tobacco, and cotton could be exported only to England. Colonies were also forbidden to start certain E.g., Ironworks, Textile etc/

 

Outcomes of the Revolution

  • By signing of Treaty of Paris, 1783, Britain left all its claims to American It led to political and economic upheaval in Britain.
  • The original face of Mercantilism became evident and hence it was denounced in other E.g., Spanish and Portuguese colonies in Central and South America

 

After the American Revolution, America emerged as a political and economic superpower. The revolution also inspired revolutionaries and freedom fighters across the world, most notably inspiring the French Revolution.