Topic > Essay on Mercantilism - 732

In order to emerge successfully in mercantilism, both colonies had to be economically self-sufficient, equally balanced in trade, possess merchant fleets, and be controlled by English regulation of trade. trade. Both the Northern and Southern colonies are similar in having achieved all of the following characteristics necessary for mercantilism. However, English royal laws of trade and navigation relating to shipping, buying, selling, and manufacturing ultimately prevented both colonies from achieving full financial success. Thus the colonies also suffered from instability due to unjust royal authority. Through parliament's partial passage of the Sugar Act, the Stamp Act, and numerous other laws that were used simply to raise money for England, the colonies recognized these illogical notions and protested. So the colonists united against the king of England and his tariffs, and sought their independence away from the crown. However, it was only through the success of the American Revolution that both colonies downgraded their individual forms of government and established their own singular democratic society. Initially, relations between the colonies were limited and non-existent. However, England's unjust “taxation without representation” fundamentally integrated the colonies and strengthened their relationships with each of them.