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| Astrolabe was introduced to Spain by Arabs & Vikings introduced the new ship hull construction. |
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| British officials passed the Tea Act. |
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| Captain John Smith piloted a fleet fifty miles up the James River, where settlers established James Forte now known as Jamestown. |
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| Certain goods were taxed or subsidized in the mercantilist system during this time from the "Crown" but government erected few barriers to small business during this time period. |
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| Christopher Columbus persuaded Spain and sailed westward. |
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| Colonial per capita incomes was estimated at $720, an amount that put colonials of 200 years ago on a par with Mexico or Turkey of the late-20th century. |
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| England invoked Intolerable Acts, closed the Boston Harbor, and required colonists to quarter British troops... War broke out. |
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| Entrepreneur, Paul Revere, made his fame a silver and goldsmith in the colonies. His life timeline was _____________. |
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| Entrepreneur, Thomas Hancock established a book and diverse wares business. His life timeline was ____________. |
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| Europe was languished by famines and poor harvest. Population dropped by about 1/3. |
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| Fifty or so Puritans and an equal number of passengers embarked on the Mayflower. |
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| Government played its most successful role in business enterprise at sea when the Royal Navy gained control over the ocean and reduced piracy. |
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| Italian trading cities pioneered paper promissory notes for conversion into gold & silver. |
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| John Rolfe cured tobacco for smoking and English refined the custom by using a pipe or mouth. |
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| Land companies pressured government to redraw the "land line" west of the Appalachians. |
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| Levant and Dutch East India Companies were formed. |
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| Most significant of the English joint-stock companies in the new world, the Virginia Company, was established after receiving a grant from King James I for land in North America. |
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| President Thomas Jefferson dispatched a small US Navy & its Marines to eliminate the threat to American trade in the Mediterranean by the Barbary Pirates. |
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| Property rights established as basis for English economic activities. |
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| Robert Morris assumed the position of Superintendent of Finance, proposing the nation charter its first commercial bank, The Bank of North America, founded in Philadelphia. |
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| Sir Walter Raleigh received a royal charter to plant a settlement in Roanoke, North Carolina. |
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| Spain and Portugal had practiced mercantilism since the early 1500s but Thomas Mun elaborated the theory and it was applied to England. |
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| The London Company needed more laborers in the new world and offered 100 acres of land to any freeman who would migrate to America. |
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| The Stamp Act was a measure that required a government stamp to be placed on every paper transaction from marriages to the sale of property to divorces to dice. |
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| The US Constitution placed such a priority on rights, it convinced Charles Beard to right his book "An Economic Interpretation of the Constitution." |
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| Tobacco accounted for almost half of the total value of the colonial commodity exports. |
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| Trade revived as merchants developed new tools for facilitating exchange of goods and services; bill of exchange. |
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| Virginia awarded 3 million acres of land in its Appalachian West to individuals and others to organized in stock-companies. |
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| Between 1743 & 1760 p. 32 |
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| Whaling and fishing generated a boom in ship construction, making the American maritime fleet the 3rd largest in the world. |
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| Whaling fortunes were common and Thomas Hancock started a bone and oil company. |
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