What was William and Mary's policy toward the colonies referred to as?

The term that best describes William and Mary's policy toward the colonies is "salutary neglect." This policy allowed the American colonies considerable freedom in their governance and economic activities, particularly in the early 18th century. It prioritized the economic benefits of the colonies without imposing strict enforcement of British laws and regulations. The British government recognized that relaxed control encouraged commerce and loyalty among the colonists, ultimately supporting the overall benefit to the empire.

During this period, colonial assemblies grew in power as they managed local affairs and trade, establishing a tradition of self-governance that would later influence American political thought. By essentially ignoring the colonies in many respects, the British crown was able to foster an environment where colonial economies could thrive, leading to a sense of independence that would become significant in the years leading up to the American Revolution.