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Triangular Trade
Term | Definition |
---|---|
Import | Goods and services that are brought into our country that are made in another 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, especially as a large-scale operation using machinery. |
Triangular Trade | A pattern of trade between England, Africa and the American Colonies. |
Mercantilism | Creating and maintaining wealth by carefully controlling trade. |
favorble balance of trade | When a country exports more than they import. |
Common Job | cloth making |
Common Job | Farming |
Common Job | Soap and candle making |
Indentured servant | Someone who agrees to work for four to seven years for the boat fair over. |
Slave | someone who works without pay forever. |
New England Colonies Slaves | The people of New England had the fewest slaves out of all three. They worked in homes and in shops. The men would do agricultural jobs. Most jobs did not need as much labor. |
Middle Colonies Slaves | They were aloud to have free time after work was finished they were not as strict as the other colonies. Most would work on the staple crop farms. Others would work on the dock |
Southern Colonies Slaves | They relied more heavily on slave labor. Most would work on farms. everything had to be done by hand |
Production | Making of goods and services |
Distribution | Distribution is the selling of goods and services. |
Consumption | Consumption is the buying or taking in of goods and services. |
Services | Anything someone does to help someone else |
Goods | Anything produced to sell to make money. |