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Economy

colonial Economy

TermDefinition
distribution, consumption, production, goods, and services economy
agriculture, household items, and fur trading and trapping common jobs
Slave Forced to work for life time didn't get any pay.
Indentured Servants Worked for 4-7 years; got trip to america, and chose to work
Timber, Ship building, Fishing jobs in new England colonies
Staple crops, shipyards, trade jobs in Middle colonies
Cash Crops jobs in Southern colonies
Mainly to make profit: tobacco rice indigo Cash crops
Always in demand: Wheat oats barley Staple crops
Mercanitilism Creating and controlling wealth by controlling trade.
Import Item bought into america from another country
export Item sold to to another country from america
Favorable Balance of trade Export more than you Import
Navigation Acts Said that the colonies can only sell and buy from Great Britain.
Southern, because The had the most labor intense work. which colony had the most slaves? Why?
Not many because, Their families mostly did the work because they didn't do much agriculture How many slaves did the New England Colonies have? Why?
They had some, because their work was not extremely hard but still did agriculture. How many Slaves did the Middle Colonies have? Why?
The timber makes the boats, the boats let the go fishing, the fish provide food. How are the New England Colonies products related?
Indentured Servant and slave Use of Labor
Because no one wanted volunteer to to be one because of the brutal conditions Why did they stop using Indentured Servants?
Tough and forced to work very brutal. What was the conditions for slaves?
Weren't treated fairly and were treated like slaves. What was the conditions for the Indentured Servants?
Indentured Servants What was the main source of labor at the beginning?
Slaves Slaves What was the main source of Labor at the end?
Great Britian Who had the Favorable Balance of Trade?
The Colonies Who was forced to follow the Navigation Acts?
Created by: 18PuttS
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