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Vocabulary Quiz #5
| Term | Definition |
|---|---|
| cash crop | a crop, such as tobacco, sugar, and cotton, raised in large quantities and sold for profit |
| Mercantilism | an economic policy in which nations tried to gain wealth by controlling trade and establishing colonies |
| Charter | a formal document issued by the king that outlined a colony’s geographic boundaries and specified how it would be governed |
| Debt | when money is owed to person or bank |
| Tax | money that is paid to the government |
| Indentured servants |