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