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Ch 4 Vocab
| question | answer |
|---|---|
| mercantilism | the practice of creating and maintaining wealth by carefully controlling trade |
| balance of trade | when a nation exports more then it imports. (favorable) |
| exports | goods sold to other countries |
| imports | goods bought from other countries |
| duties/tariffs | taxes on imports |
| cash crops | crops that are sold for profit (e.g. tobacco, rice, indigo) |
| slave codes | laws used to control slaves |
| apprentice | young boys who learned skilled trades |
| staple crops | crops that are always in demand (e.g. wheat, barley, oats) |
| natural rights | rights that belong to every human being from birth |
| bicameral legislature | a lawmaking body made up of two houses or groups |
| free enterprise | economic competition with little gov't control |
| libel | must be untrue |