Chapter 4 Flashcards
What was the main economic activity in all colonies?
Farming
What is subsistence farming?
Producing enough meat for your family
What is commercial agriculture?
When larger amounts of crops are produced to make a profit
Why did New England farmers practice subsistence farming?
Thin rocky soil
What were the two main industries of the New England colonies?
Shipbuilding + fishing
What is the triangular trade?
System which slaves,crops,and manufactured goods are traded between Africa, American Colonies, and Caribbean
What was the name of the slave transporting leg of the Triangular Trade?
Middle Passage
Where was the hub of the shipping trade in America?
New England
What is a cash crop?
Crop that could be sold in markets
What were the two main cash crops of the Middle Colonies?
Wheat and oats
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 labor intensive
What is supply and demand?
Supply is how much you have of something:
Demand is how much someone needs it:
You want both a high.
Don’t want large supply and low demand.
Controls price of crops