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III. And it is further enacted, That no goods or commodities whatsoever, of the growth, production or manufacture of Africa, Asia, or America, or any part thereof . . . be imported into England, Ireland, or Wales . . . in any other ship or ships, vessel or vessels whatsoever, but in such as do truly and without fraud belong only to the people of England, Ireland or Wales.XVIII. And be it further enacted, That from and after the first day of April, 1661, no sugars, tobacco, cotton-wool, indigos, ginger, fustick, or other dying wood, of the growth, production or manufacture of any English plantations in America, Asia, or Africa, shall be shipped, carried, conveyed or transported from any of the said English plantations to any land . . . other than to such English plantations as do belong to his Majesty.Sawers, Larry. "The Navigation Acts Revisited." Economic History Review (1992): 262-284.The policies stated in the above law are an example of which of the following policies?Elimination ToolSelect one answerAIndustrializationBMercantilismCSalutary neglectDLaissez-faire economics

Question

III. And it is further enacted, That no goods or commodities whatsoever, of the growth, production or manufacture of Africa, Asia, or America, or any part thereof . . . be imported into England, Ireland, or Wales . . . in any other ship or ships, vessel or vessels whatsoever, but in such as do truly and without fraud belong only to the people of England, Ireland or Wales.XVIII. And be it further enacted, That from and after the first day of April, 1661, no sugars, tobacco, cotton-wool, indigos, ginger, fustick, or other dying wood, of the growth, production or manufacture of any English plantations in America, Asia, or Africa, shall be shipped, carried, conveyed or transported from any of the said English plantations to any land . . . other than to such English plantations as do belong to his Majesty.Sawers, Larry. "The Navigation Acts Revisited." Economic History Review (1992): 262-284.The policies stated in the above law are an example of which of the following policies?Elimination ToolSelect one answerAIndustrializationBMercantilismCSalutary neglectDLaissez-faire economics

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Solution

The policies stated in the above law are an example of Mercantilism.

Here's why:

Mercantilism is an economic theory that advocates government regulation of international trade to generate wealth and strengthen national power. It promotes trade surpluses, the accumulation of gold, the development of a merchant marine, and the establishment of colonies.

The law mentioned in the text is a clear example of this. It restricts the import of goods into England, Ireland, and Wales to only those ships that belong to these countries. This is done to protect domestic industries and maintain a trade surplus.

Furthermore, it prohibits the transport of certain goods from English plantations in America, Asia, or Africa to any land other than those that belong to the King. This is done to ensure that the wealth generated from these colonies is retained within the country.

Both these policies are characteristic of Mercantilism, which seeks to regulate trade in a manner that benefits the home country.

This problem has been solved

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1. Write the True or False answer. 5 Marks(a) Spain established new colonies in Americas, such as Mexico and Peru.(b) The Netherlands pioneered an advanced trading system for investing inoversea trade.(c) By 1732, Britain’s 15 colonies stretched along the Eastern Coast fromNew Hampshire in the north, to Georgia in the south.(d) Sugar cane thrived in Caribbean weather and was used to create refinedsugar, molasses and rum.(e) Many criminal prisoners sent from Britain as plantation labour died ofdiseases such as yellow fever or plague.Answer(a)________(b)________(c)________(d)_______(e)________

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