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Colonial Economy
Question | Answer |
---|---|
New England Colonies Common Jobs | Shipbuilders, fishing, timber |
Middle Colony Common Jobs | Shippers of crops and furs, Staple crops, merchants |
Southern Colony Common Jobs | Necessities were imported |
Staple Crops | Wheat, barley, oat, crops that are continually in demand |
Common Jobs Throughout All The Colonies | Planting small farms, self-sufficiency, fur trapping and trading, the making of soap, yarn, clothes, and candles |
Cash Crops | Tobacco, rice, indigo |
Indentured Servants | People placed under a contract to work for another person for seven years |
Slaves | a person who is the property of and wholly subject to another; a bond servant |
Economy | The science that deals with production, distribution, and consumption of goods and services, or the material welfare of humankind |
Production | Make something |
Distribution | Selling |
Consumption | Buying |
Goods | Products |
Services | Actions to help someone else. |
Why did the use of indentured servants die off? | People are dying before the end of 4-7 years that they had to work. |
Mercantilism | The British were able to maintain their wealth by controlling who the colonies traded with. |