HIST 2055 : 1 24 Notes (Exam 1)
Document Summary
Why england came to north america: spain, france, holland, and mercantilism. The new found wealth from central and south america caused raid inflation in spain and surrounding countries/states. Other countries began to become envious of spain. Queen elizabeth becomes most jealous and actually gives permits for people of. England to steal the treasure from the spanish galleons. In 1588 on july 29th queen elizabeth takes over the spanish armada and wants to advance onto land. She did this by waiting out a storm and watching the storm scatter the spanish. She attacked while the spanish ships were discombobulated. Martin frobisher and francis drake (former sea dogs) were knighted by queen. Elizabeth for their bravery and accomplishments in the take-over. 3 underlying principles to mercantilism: maintain a positive balance of trade and payments to increase kingdom"s wealth, acquire colonies, which exist to benefit the imperial country, possess and project international power through strong army and navy.
