Colonal Economy
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
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What were the economics of the middle colonies | staple crops, shipyards and trading
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What is import | Goods that are brought into our country that are made in another country
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what is export | Goods that are made in our country and shipped to other countries
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raw materials | materials before being processed or manufactured into a final form
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manufactured goods | products that have been made from raw materials, especially as a large-scale operation using machinery.
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Triangular TRade | A pattern of trade between England and the American Colonists
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Mercantilism | Creating and maintaining wealth by carefully controlling trade.
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Navigation Acts | Law made by Britain that stated colonies could only trade with Britain
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Favorable Balance of Trade | When a country exports more than it imports,
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Economies | THe branch of knowledge concerned with the production, consumption, and transfer of wealth.
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Production | Making of an item
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Distribution | Selling of an item
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Consumption | Buying of an item
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Goods | A physical item
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Services | AN act of helping someone
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Indentured Servant | A person who agrees to work 4-7 years in exchange for a voyage to America
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Slave | Forced labor with no pay and a lifetime of service.
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What were the New England jobs | cutting timber making boats and fishing
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The middle colonies did what? | They planted staple crops
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Examples of staple crops | wheat,oats and barley
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examples of cash crops | indigo, rice, tobacco
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New England had the lowest or highest amount of slaves | lowest
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Who had the highest amount of slaves. New England the Middle colonies or the southern coloneis | The southern colonies
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Created by:
18millerb
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