The British Mercantilists
n1629:
the Massachusetts
Bay Company, a religious enterprise, established a Puritan Commonwealth in America
2 Joint-stock
enterprise, with the colonists
as the only
2
stockholders
2 Success
correlated with the Puritan ideology that God
2 required
hard work, thrift, and faith.
nRise
of the independent colonial merchant
2 Trading consortiums or partnerships with
British
2
merchants
2 Exports:
timber, furs, wood products, tobacco, indigo
2 Imports: manufactured
goods from Britain and Ireland
2 (mainly iron products, textiles, coffee,
tea, paper,
2 sugar molasses, wine, glass, earthenware)