Question | Answer |
Making an item | Production |
Selling an item | Distribution |
Buying an item | Consumption |
Common Jobs in the Colonies | Farming, Trading furs, Making of Household items |
Jobs in the New England Colonies | Shipbuilding, Timber, Fishing |
Jobs in the Middle Colonies | Staple crops, Shipyards |
Job in the Southern Colonies | Growing Cash Crops |
A person who agreed to work for 4-7 years for their trip to America | Indentured Servant |
Person who was forced to work for a lifetime | Slave |
Had the most slaves | Southern colonies |
Had the least slaves | Northern colonies |
Had the second to most slaves | Middle colonies |
Creating and maintaining wealth by carefully controlling trade | Mercantilism |
To bring products into your country | Import |
To send products to other countries | Export |
When a country exports more than they import | Favorable Balance of Trade |
Law made by Britain that stated the colonies could only trade with Britain | Navigation Acts |
Tobacco, rice, and indigo | Cash crops |
Corn, wheat, barley, and oats | Staple crops |
Who has the favorable balance of trade | Britain |
Ties to mercantilism by being in control of who the colonies trade with | Navigation Acts |
Britain uses it to control trade | Mercantilism |
Stopped because of the bad living conditions | Indentured Servants |
A physical item such as clothing, food, etc. | Good |
Something someone does for someone else like a teacher, doctor, etc. | Service |
Uses slaves to plant cash crops | Southern Colonies |
Uses slaves to plant staple crops | Middle Colonies |
Uses slaves to build ships | New England Colonies |