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Economy

QuestionAnswer
What are the jobs of the New England colony Fishing,timber, and ship building
What's the jobs of the middle colony Staple crops, trade and shipyards
What's a staple crop Staple crops are crops that are continually in demand
What are some examples of a staple crop Wheat,barley,and oats
What are the jobs of the southern colony Cash crops and farms
What is a cash crop and what are some examples of cash crops Cash crops are grown for the sole purpose of making a profit. Some examples are tobacco, rice and indigo
What are the common jobs of all the colonies Fur trapping, farming and making of soap, candles, yarn and clothes (household items)
What is a slave A slave is someone who is shipped from Africa to the new world and is forced to work
What's a indentured slave A indentured slave is someone who signs a contract to work for 4-7 years for a free pass to the new world
What's import Import is goods that are brought into our country that is made in another country
What is export Export is goods that are made in our country and shipped to other countries
What's mercantilism It's creating and maintaining wealth by carefully controlling trade
What's navigation acts It's a law that states that the colonies could only trade with Britain
Definition of favorable balance of trade Favorable balance of trade is where a country exports more than they import
Created by: 18DuffleyA