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Unit 2 Week 7 Vocab
5th Grade Social Studies Week 7 Vocabulary
Term | Definition |
---|---|
charter | legal document given by the king of England |
company | investors who provide ships, tools, food, water and protection for the people who moved to America |
export | to sell to other countries |
favorable balance of trade | when a country sells more than it buys |
import | to buy from other countries |
indentured servants | men and women whose journey from England to the colonies was paid for by another person |
mercantilism | economic system that uses raw materials used to make manufactured goods that would be exported |
speculate | to purchase large tracts of land and then resell them in smaller parts for profit |
tariff | a tax on goods coming from another country |