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T. T. & economy

triangular trade and economy between england middle and southern colonies

TermDefinition
distribution selling of an item
consumption buying of an item
production making of an item
good physical item ( food clothing )
service an act for someone ( teacher lawyer doctor )
common jobs farming trapping and trading furs making household items
pursuits in new England fishing timber ship building
pursuits in middle growing staple crops shipyards
pursuits in southern cash crops
import goods that our brought into our country that are made in another country
export goods that are made in our country and shipped to other countries
favorable balance of trade when a country exports more than they import
indentured servants person who agrees to work for 4-7 years in exchange a voyage to america
slave forced to labor without pay for a lifetime of service
new england slaves 1000 to 5000 slaves
middle colony slaves 10000 or 13000 10 15000 slaves
southern colony slaves 230000 slaves
mercantilism creating and maintaining wealth by carefully controlling trade
navigation acts law made by Britain that states that colonies could only trade with Britain.
staple crops always in demand
examples of staple crops corn oat wheat barley
cash crops grown to make money
examples of cash crops tobacco indigo rice
stopping of indentured servants people refused to become indentured servants because of the terrible conditions
Britain mercantilism they controlled the colonies
Favorable balance of trade (who had it) Britain
navigation acts into mercantilism Britain controlled the colonies by maintaining and creating wealth of trade
Created by: 18sextonjerriann