Tariffs: Tariffs are taxes imposed on imported goods, making them more expensive than domestic products in order to protect local industries.
Mercantilism: Mercantilism is an economic system where colonies were expected to provide raw materials to the mother country while purchasing finished goods solely from that same country.
Navigation Acts: The Navigation Acts were a series of laws passed by England in the 17th century that regulated colonial trade with the goal of benefiting British merchants and ensuring England's dominance over its colonies.