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Colonial Economy

QuestionAnswer
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.
Created by: 18BarrettA