Colonial Economics Flashcards
1
Q
What is salutary neglect?
A
Allows colonies to provide for themselves
2
Q
What is mercantilism?
A
Colonies make money for mother country
3
Q
In the south what is main source of economy?
A
Farming plantations
4
Q
What crops were on southern plantations?
A
Cotton, rice, indigo, tobacco
5
Q
What were middle colonies source of economy?
A
Big trading cities (PHI NYC)
6
Q
What were the crops grown in middle colonies?
A
Wheat and grain
7
Q
What was the source of economy in New England?
A
Ocean industries
8
Q
What was the general goal for social classes?
A
Make a larger middle class
9
Q
What was the form of trading between the Atlantic countries?
A
Triangle trade
10
Q
What were the two British policies?
A
salutary neglect and mercantilism
