The promise of new riches and the potential discovery of the fabled Northwest Passage were the primary objectives, which fueled the exploration of the New World.Yet these goals were not practical enough when the European nations decided to colonize the Americas.Apparently, “a prosperous and enduring colonial empire depended on self-sustaining economic development” (page 33) rather than an autocratic and rigidly controlled colony in which everything was to benefit the parent country.
The degree of success in colonizing the Americas would be measured by this fact.As long as a country could quickly populate its colonies and establish a self-sufficient economy, it would be ahead in the race to colonize the New World.Although the new riches and the Northwest Passage were still sought after, they weren’t the final motivations for colonization any longer. Each country also had their individual set of objectives for exploring the Americas.Spain, along with its quest for riches became determined to convert the “heathens” to Catholicism.
The French and the Dutch stuck to the primary objectives of new riches and the discovery of the Northwest Passage.England, spurred by growing national rivalries with France and especially Spain, explored the New World for the purpose of harassing the Spanish and also in the hopes that it would not get left behind in the exploration race.Spain became the only country whose original intentions for exploring the New World translated into its final motivation for colonization.The Spanish rigorously tried to convert the Indians and continued their search for silver and gold.England’s initial quest for national superiority over Spain was added to its numerous motives for colonization, while France and Holland digressed the most from their initial intentions by setting up lucrative fur trading scenarios with the local natives in the frontiers of their colonies. Prior to England’s victory.
1. Analyze and evaluate the Articles of Confederation. What were the strengths and weaknesses of the articles? Under the Articles of Confederation the Congress had the authority to negotiate foreign treaties but no economic or military power to enforce terms.
Not able to regulate commerce or set tariffs they had no leverage to open restricted trading empires of France, Spain, and Britain. 2. List and discuss the various economic problems encountered by the newly formed United States.
Why did the nation encounter such difficulties?Both the British and American armies needed a lot of supplies. This caused a drive up of costs on goods. This caused severe Inflation. Congress was forced to make the continental dollar worthless. This caused congress to rely on the printing press. Printing of money was so fast that the supply couldn’t keep up and thus caused the goods of services to skyrocket and the value of this money to plunge. Heavy debts were “incurred” to finance the Revolutionary war.
They would have to borrow money(funds) and issue certificates or bonds pledging repayment of all. Wanting to strengthen the confederation at the expense of the states “nationalists”. Armies unpaid and the only thing they could do to repay is put all funds in a commercial bank for only government funds, loans to government and to issue bank notes this money used to settle debts owed to the united states. Morris imposed “Tariff” (American journey) Of 5% on imported goods- this was considered a national tax and required an amendment from all 13 states. . The failure due to this impost tax was one of so many set backs that had put these nationalists temporarily on the defensive.
” During this Revolution: Britain closed its markets to American goods. After the war, the British continued this policy, hoping to keep the United States weak and dependent. American were then excluded from the lucrative trade with the Briti..