1D.7.4.6 Trade and Commerce Policies

• What do Trade Policies refer to?

  Government regulations and agreements
• Commerce Policies encompass a broader range of government actions that influence domestic and international trade
• Match the examples of Trade and Commerce Policies with their focus:

  Tariffs ↔️ International exchange of goods

  Laws on monopolies ↔️ Domestic and international business practices
• The Nine Years' War (1688–1697) increased the need for government revenue during William and Mary's reign.
• Order the key Trade and Commerce Policies of William and Mary's reign chronologically:

  1️⃣ Navigation Acts

  2️⃣ Board of Trade

  3️⃣ Financial Innovations
• What was the purpose of the Board of Trade established in 1696?

  Oversee and promote English commerce
• Financial innovations during William and Mary's reign included the founding of the Bank of England
• Match the Trade and Commerce Policies with their impact:

  Navigation Acts ↔️ Increased trade revenue

  Board of Trade ↔️ Promoted mercantilist objectives

  Financial Innovations ↔️ Modernized financial system
• The Navigation Acts strengthened the English economy by regulating colonial trade.
• The Nine Years' War led to increased government revenue through higher taxes and efforts to boost trade.
• The expansion of colonial trade during William and Mary's reign required policies to regulate trade routes and maximize profits
• What economic principles guided the accumulation of wealth during this period?

  Mercantilism
• Match the Trade and Commerce Policies with their focus:

  Navigation Acts ↔️ Regulating colonial trade

  Board of Trade ↔️ Overseeing English commerce

  Financial Innovations ↔️ Modernizing the financial system
• What was a key feature of the Navigation Acts during William and Mary's reign?

  Limited colonial trade
• The Board of Trade provided advice to the government on commercial matters
• The founding of the Bank of England during William and Mary's reign facilitated government borrowing.
• Order the following policies based on their primary impact on England's economy:

  1️⃣ Navigation Acts: Increased trade revenue

  2️⃣ Board of Trade: Enhanced trade regulations

  3️⃣ Financial Innovations: Facilitated government borrowing
• What do Trade Policies primarily affect?

  International exchange of goods
• Commerce Policies influence both domestic and international trade
• Match the type of policy with its example:

  Trade Policies ↔️ Tariffs

  Commerce Policies ↔️ Laws on monopolies
• The Nine Years' War was one of the factors shaping Trade and Commerce Policies during William and Mary's reign.