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colonial economy
| Question | Answer |
|---|---|
| economy | production is the making of an item, distribution is the selling of an item, consumption is the buying of an item, a good is a physical item, and a service is the act of helping someone |
| economic regions | farming, making household items, and fur trapping and trading |
| New England | timbering, ship building, and fishing |
| Middle | grew staple crops such as wheat, barley, and oats |
| Southern | grew cash crops such as tobacco, rice, and indigo |
| use of labor | the use of the slave labor and indentured servants |
| indentured servents | a person that agreed to work 4-7 years in exchange for there voyage to america |
| slaves | slaves are people who works there entire lifetime |
| new englands slave labor | new England's slave labor is very low because they don't need the extra help |
| middle colonies slave labor | the middle colonies slave labor was in the median range with the growing of staple crops which need more care then timbering ship building and fishing |
| southern colonies slave labor | the southern colonies slave labor was very high do to the growing of cash crops. cash crops need more intensive care because they are sold for a profit |
| mercantilism | mercantilism is when you buy something and resell it for a profit. Britain uses it with the colonies be getting raw materials and making them into manufactured goods and selling them back to the colonies |
Created by:
18pattersoncalvin
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