Chapter 4 Flashcards
What was the main economic activity in all colonies?
Farming
What is subsistence farming?
Producing enough to meet the needs of the family
What is commercial agriculture?
Producing larger amount to gain a profit
Why did New England farmers practice subsistence farming?
Because they didn’t have great conditions such as thin rocky soil and long winters
What were the two main industries of the New England colonies?
Shipbuilding and fishing
What is the triangular trade?
Was a system of trade between Africa, the Caribbean, and the American colonies
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?
Crops that could be sold in markets
What were the two main cash crops of the Middle Colonies?
Wheats and Oates
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 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?
It controls the prices less demand higher prices less supply, or more demand lower prices more supply