Favorable+Balance+of+Trade

=FAVORABLE BALANCE OF TRADE=

The favorable balance of trade was made to make sure that people sold more than they bought. This law was made by parliment to make sure that they were getting a lot of the America's resources. The law was also made to make sure that America concentrated on goods to give to England and is a string of laws.

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HOW FAVORABLE OF TRADE WORKS
Well if you had some supplies you would sell most of your stuff than buy what you want. So you get want you, sell your supplies, and everyone is happy.=A example is if i am selling shoes if i sold all the shoes i had and i want a video game i'd buy it so i get lots of money and get that video game. The law was to sell all of your things and buy what you want and other buy what they want from you.



WHY THIS LAW WAS CREATED
= The Favorable Balance of Trade makes it cheap between the buyer and the seller makes lots of money. The law was made to get Americans to sell their products and get England lots of money. England wanted gold and silver but there wasn't any in england so they had to sell things to get it The Favorable Balance of Trade made it so that England would get it and lots of it and buy very little. The law was also made to make foreigners pay for lots of money for English and colonial goods.

WHY THEY NEEDED THIS LAW
Another important fact is that it helped England get gold and silver from foreign Countries such as Spain, France , Germany , and other places with lots of gold and silver. This law helped england pay for their debts to the people they owned money to during the French and Indian War. They needed to regulate the colonies and this law helped regulate the colonies at ports.

WHY THIS LAW WAS CREATED
To help England and get England lots of money so they could rule their space which was huge after the French and Indian War. This law also is a transaction between Britain and other countries. The payment for exports cost much more money than imports.



CONCLUSION
THe Favorable Balance of Trade was made by England before the French and Indian War. The law was made by Parliment around the 1760's to regulate and keep America under control. Regulated how much money the british got form foreign countries and the american colonies.