HIST 383 Lecture Notes - Lecture 15: Mercantilism, Royal Proclamation Of 1763, Diplomatic Revolution
Document Summary
Lecture 15 - the british navy and the seven years wa. The conflict was brought into asia, north america, etc. and illustrates the instability in the political system and suggests the ways in which great powers felt the need to resolve their conflicts through war. One of the things that drove the war was the fact that it was happening on different levels, on the first level it was a conflict in. Europe about the balance of power and the realtionships of european power and territories but became more partly because of theories of mercantilism. Mercantilism related to thinking about trade and empire, wealth comes from a monopoly relationship with particular colonies. Exports need to be greater than imports. It is essential for trading relationships to have monopoly over territories. It was a major source of anger in the american revolution - trapped in a mercantilist trading system where they were subordinate to britain.
