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Colonial Economy

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Question
Answer
New England Colonies Common Jobs   Shipbuilders, fishing, timber  
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Middle Colony Common Jobs   Shippers of crops and furs, Staple crops, merchants  
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Southern Colony Common Jobs   Necessities were imported  
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Staple Crops   Wheat, barley, oat, crops that are continually in demand  
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Common Jobs Throughout All The Colonies   Planting small farms, self-sufficiency, fur trapping and trading, the making of soap, yarn, clothes, and candles  
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Cash Crops   Tobacco, rice, indigo  
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Indentured Servants   People placed under a contract to work for another person for seven years  
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Slaves   a person who is the property of and wholly subject to another; a bond servant  
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Economy   The science that deals with production, distribution, and consumption of goods and services, or the material welfare of humankind  
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Production   Make something  
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Distribution   Selling  
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Consumption   Buying  
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Goods   Products  
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Services   Actions to help someone else.  
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Why did the use of indentured servants die off?   People are dying before the end of 4-7 years that they had to work.  
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Mercantilism   The British were able to maintain their wealth by controlling who the colonies traded with.  
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Created by: 18BarrettA
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