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Word Count: 1,458
From the early day of the colonization trade and commerce has played an important role in the forming and shaping of civilization in America The first English settlement at Jamestown was established for the sole purpose of creating a source of revenue and profit for individual investors and the mother country The vast majority of people who migrated to these new lands during colonial times did so not to escape religious and political persecution although many did but mainly for economic purposes America offered the common people of the world the opportunity for financial gain and self-sufficiency From these humble beginnings the roots that became the American economic system formed After securing independence for Great Britain the new nation greatly expanded foreign trade and underwent revolutions in transportation and farming methods that gradually lead to the creation of a national market economy At the close of the Revolutionary War the states found themselves in urgent need of manufactured good War-born shortages of goods quickly brought about a revival of foreign trade After the signing of The Treaty of Paris American and British merchants were free to resume trade between the two countries America also expanded trade to other countries During the colonial period Britain did not permit the colonies to transport any goods directly to the European continent north of Cape Finisterre The Navigation Act also prohibited the exportation of tobacco rice indigo furs and naval store to other countries except Great Britain and other colonies American victory in the Revolutionary War ended all such restrictions and regular trading developed several countries in Europe Asia the Far East and Central and South America Because of the 150-year trade history of Britain and American familiarity with British goods and trade system most American merchants preferred trading with Great Britain In a short period of time Britain quickly reestablished its self as Americas premiere trading partner accounting for almost half of the total trade volume
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