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Triangular trade

QuestionAnswer
what were the economics of the middle colonies Staple crops, shipyards and trading
what are staple crops crops that are continually in demand like wheat, barley and oats
what were the economics of the new england colonies fishing, shipbuilding and timber
what were the economics of the southern colonies cash crops
what are cash crops crops that are grown only to make a profit like tobacco, indigo and rice
name the colonies in order from least to greatest by how many slaves each colony had new England,middle colonies and then southern colonies
what were common jobs in the colonies making household goods, small family farms, fur trading
what were indentured servants a person who agrees to work from a person for 4-7 to pay their voyage
what was a slave someone who was forced to work for someone for their whole life
what is mercantilism creating and maintaining wealth by carefully controlling trade
what does import mean goods that are brought into our country that are made in another country
what does export mean goods that are made in our country and shipped to other countries
what is Favorable balance of trade When a country exports more than they import
what are the Navigation Acts a law made by Britain stating that the colonies could trade ONLY with Britain
what is economy the production, distribution and consumption of goods and services
what is production to make something
what is distribution to sell something
what is consumption to buy something
what are goods any physical item
what is a service an act that someone does to help another person
what did the middle colonies ship to Britain the middle colonies shipped raw materials to Britain
the colonies were illegally shipping goods to who africa
who is benefiting the most and why Great Britain because they are in complete control of the trade from the colonies
what are differences between indentured servants and slaves indentured servants had a choice whether they wanted to work for someone or not and they only had to work for 4-7 years, a slave had to work for their whole life and didn't have a choice
what were similarities between indentured servants and slaves indentured servants and slaves had the same living condition and working jobs
who has the favorable balance of trade Great Britain
how does great britain use mercantilism by controlling the colonies trade with other countries
Created by: 18millera
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