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Economy
colonial Economy
Term | Definition |
---|---|
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? |