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Is the producing(make) selling and buying of goods(anything you can sell or buy) and services(action to aid an individual).Production, distribution, consumption of goods and services. Economy
Someone forced to work against their will, and don't get paid for a lifetime service Slave
A person who agrees to work for someone for usually four to seven year for payment of their voyage. Indentured Servant
Goods and services that are brought into our country that are made in another country. Import
Goods and services that are made in our country and shipped to other countries. Export
Materials before being processed or manufactured into a final form. Raw Materials
products that have been made from raw materials, especially as a large-scale operation using machinery. Manufactured Goods
A pattern of trade between England, Africa and the American Colonies. Triangular Trade
Creating and maintaining wealth by carefully controlling trade. Mercantilism
Law made by Britain that stated that the Colonies could only trade with England. Navigations Act
When a country exports more than they import. Favorable Balance of Trade
Timber, fishing, and shipbuilding New England Colonies
Was shippers of staple crops( wheat, barley, and oats)(crops that are continually in demand), shipyards, trade, (merchants). Also was shipping raw materials to England. Middle Colonies
Grew cash crops of tobacco, rice, and indigo.Cash crops/grown for the sole purpose of making a profit Southern Colonies
Used little slaves but were used as craftsmen people. New England Colony
More slave labor than the New England Colonies. Used them for Staple crops Middle Colonies
The most slave labor out of all the Colonies. Used the slaves to help grow cash crops. Southern Colonies
Who has the Favorable Balance of Trade England
The Navigation Act was a law that prevented the colonies from trading with other countries other than England Mercantilism
Created by: 18ShafferM