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Colonial America
Term | Definition |
---|---|
Import | Goods and services that are brought into our country that were made from a different country. |
Export | Goods and services that are made in our country and shipped to other countries. |
Raw Materials | Materials before being processed or manufactured into a final form. |
Manufactured goods | products that have been made from raw materials |
Triangular Trade | A pattern of trade between England, Africa, and the American Colonies |
Mercantilism | Great Britain creating and maintaining wealth by controlling trade |
Navigation Act | law made by Britain that stated colonies could only trade with Britain |
Favorable Balance of Trade | when a country exports more than they import |
Slave | a person who is forced into slavery for the rest of their life |
Indentured Servant | a person who is asked to work for 4-7 years and after they have worked the 4-7 years the servant's owner pays the ship fee |
Economy | production,consumption,distribution of goods and services |
Common jobs in colonies | fur trapping trading,making soap and clothes, |
New England colony jobs | Shipbuilding,fishing,timber |
Middle colony jobs | Staple crop, and trading |
Southern Colony jobs | Cash crops, |
NE slaves | had the least amount of slaves |
Middle Colony slaves | had 2nd most amount of slaves |