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Colonial America

TermDefinition
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
Created by: 18schatzelp