Chapter 4 Flashcards
What is subsistence farming?
Producing enough to meet the needs of the Family
What was the main economic activity in all colonies?
Farming
What is commercial agriculture?
When larger amounts of crops are produced to make a profit.
Why did New England farmers practice subsistence farming?
Long, harsh winters and thin, rocky soil
What were the two main industries of the New England colonies?
Shipbuilding and Fishing
What is the triangular trade?
Trade route between three destinations, such as Britan, West Africa, and the West Indes.
What were the main items traded in the Triangular Trade?
Sugar and Molasses – West Indies > New England
Rum – New England > West Africa
Slaves – West Africa > West Indes
What was the name of the slave transporting leg of the Triangular Trade?
The Middle Passage
Where was the hub of the shipping trade in America?
New England
What is a cash crop?
A crop that can be sold easily in markets.
What were the two main cash crops of the Middle Colonies?
Wheat & Oats
Which colonial region was known for its diverse population of German and Scotch-Irish citizens?
The Middle Colonies
What was the main cash crop in Virginia and Maryland?
Tobacco
What was the main cash crop in Georgia and South Carolina?
Rice
What did rice and tobacco have in common (why slaves were used to harvest them)?
They were both very labor intensive.
What is supply and demand?
- Prices go up when there is more demand than supply
- Prices go down when there is more supply than demand