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colonial Economy

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Term
Definition
distribution, consumption, production, goods, and services   economy  
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agriculture, household items, and fur trading and trapping   common jobs  
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Slave   Forced to work for life time didn't get any pay.  
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Indentured Servants   Worked for 4-7 years; got trip to america, and chose to work  
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Timber, Ship building, Fishing   jobs in new England colonies  
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Staple crops, shipyards, trade   jobs in Middle colonies  
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Cash Crops   jobs in Southern colonies  
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Mainly to make profit: tobacco rice indigo   Cash crops  
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Always in demand: Wheat oats barley   Staple crops  
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Mercanitilism   Creating and controlling wealth by controlling trade.  
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Import   Item bought into america from another country  
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export   Item sold to to another country from america  
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Favorable Balance of trade   Export more than you Import  
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Navigation Acts   Said that the colonies can only sell and buy from Great Britain.  
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Southern, because The had the most labor intense work.   which colony had the most slaves? Why?  
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Not many because, Their families mostly did the work because they didn't do much agriculture   How many slaves did the New England Colonies have? Why?  
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They had some, because their work was not extremely hard but still did agriculture.   How many Slaves did the Middle Colonies have? Why?  
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The timber makes the boats, the boats let the go fishing, the fish provide food.   How are the New England Colonies products related?  
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Indentured Servant and slave   Use of Labor  
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Because no one wanted volunteer to to be one because of the brutal conditions   Why did they stop using Indentured Servants?  
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Tough and forced to work very brutal.   What was the conditions for slaves?  
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Weren't treated fairly and were treated like slaves.   What was the conditions for the Indentured Servants?  
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Indentured Servants   What was the main source of labor at the beginning?  
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Slaves Slaves   What was the main source of Labor at the end?  
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Great Britian   Who had the Favorable Balance of Trade?  
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The Colonies   Who was forced to follow the Navigation Acts?  
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Created by: 18PuttS
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