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Relationship between crown & parliament & colonies - Coggle Diagram
Relationship between crown & parliament & colonies
Trade and commerce
Navy
1558-1603 = ship money was extended to non coastal areas to allow for new ships to be built and improvement of existing ships
1673 - every captain loading enumerated goods in the colonies had to pay tax on the item
All trade b/w England and other colonies had to be carried in english or colonial ships
Navigation acts
Created a close system of trade b/w England and her colonies
english victory in the anglo-dutch wars helped secure london's primacy as a European centre of commerce and finance - increased control
individuals
Drake & Hawkins
Monopolies
‘Gatekeep’ other companies from the goods - tobacco and virginia
1585 - monopoly granted for trade with Morocco
1649-1600 Decline in use of monopolies - move to free trade
colonists
colonists thrived by selling crops to new arrivals
they shipped better quality fish to Spain & Portugal, and the inferior quality to the West Indies to feed enslaved labourers working on the sugar plantations
ship building
companies
1600 EIC granted expansion of trade - took control and increasing in power, gaining imperial firman 1717, gained politial influence in india
continued to dominate India economically
Banking & Finance
South Sea Company - speculation > Bubble Act
link to Laws & legislation > Tea acts & Navigation acts etc.
The South Sea Company was a British joint-stock company founded in January 1711, created as a public-private partnership to consolidate and reduce the cost of the national debt. To generate income, in 1713 the company was granted a monopoly to supply African slaves to the islands in the "South Seas" and South America
The Bubble Act - forbade the creation of joint-stock companies without royal charter, was promoted by the South Sea company itself before its collapse. Over exaggerated the profit to be made from investing in the company. Convinced government to pass Bubble Act supporting and reducing competition. Profits not being made, investors lost confidence and sold shares quickly. Company crashed → showed the corruption of the government. In Great Britain, a considerable number of people were ruined by the share collapse, and the national economy greatly reduced as a result.
taxation
treaties and alliances