Colonial Economy Word Scramble
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Question | Answer |
What is the definition for economy? | The production, distribution, and consumption of goods and services |
What are the common jobs found in the colonies? | Trapping, Small farms, Sawmills |
Name 3 jobs found in the new england region. | Timber, ship building and fishing |
Name 2 jobs for the middle colonies. | Growing of staple crops and trading |
What is a staple crop? | Crops that are always in high demand |
What jobs did the southern colonies have | they grew Cash crops |
what is a cash crop? | Crops that can be sold for money |
What was an indentured servant? | someone who would work for 4-7 years for a trip to the colonies. |
what is a slave? | someone who was forced to work for their entire life without benefits |
Why did indentured servants eventually die off? | Because most of the servants didn't make it 4-7 years. |
What is an import? | Something that is shipped into your country from another country. |
what is an export? | something that is shipped from your country to another country |
what is favorable balance of trade? | Having more money on exports than on imports |
How did Britain make money from the colonies? | they forced them to send raw materials and then britain would use the materials to make manufactured goods and sell it back to them for a profit. |
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