These were laws passed by England in the 17th and 18th centuries that regulated trade between England and its colonies. They aimed to ensure that England reaped most benefits from colonial trade.
Mercantilism: An economic theory that trade generates wealth and is stimulated by accumulation of profitable balances, which a government should encourage.
Protectionism: The theory or practice of shielding domestic industries from foreign competition often via tariffs or subsidies.
Trade Regulations: Rules set up by governments about how businesses can conduct their trading activities.
AP US History - 2.4 Transatlantic Trade
What was the purpose of the Navigation Laws implemented by Britain in 1650?
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