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Economy
| Question | Answer |
|---|---|
| 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 |
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