Chapter 4 Flashcards
What was the main economic activity in all colonies
farming
What is subsistence farming
Producing enough to meet the needs of family
What is commercial agriculture
When large amounts of crops are produced to make a profit
What were the two main industries of the New England colonies
Ship building and fishing
What is the triangular trade
Was a system in which slaves , crops, and manufactured goods were traded between Africa, the Caribbean and the American colonies
What was the name of the slave transporting leg of the Triangular Trade?
The middle passage
What is a cash crop
Crops that could be sold in markets
Which colonial region was known for its diverse population of German and Scotch-Irish citizens
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 is supply and demand
Controls the prices of crops
What were the strict rules governing the behavior and punishment of slaves in the colonies?
Slave codes
How did England view the colonies economically?
As an economic resource
How do you make money on trade?
By exporting more than you import
What was important about the Navigation Acts
Ensured that England made money off of the colonial trade by restricting trade