Chapter 4 Flashcards
What was the main economic activity in all colonies?
Farming
What is subsistence farming?
farmers focus on growing enough food to feed themselves and their families.
What is commercial agriculture?
the producer is farming with intent to sell some or even all of their production.
Why did New England farmers practice subsistence farming?
The soil is also rocky and not a favorable for growing
What were the two main industries of the New England colonies?
Any kind of fishin and ship building
What is the triangular trade?
Three point trading route across alantic ocean
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?
It is a crop sold for a proffit
What were the two main cash crops of the Middle Colonies?
Tobacco and Rice
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
Plantations
What is supply and demand?
the amount of a commodity, product, or service available and the desire of buyers for it, considered as factors regulating its price