colonial money Flashcards
import
items brought in from orther courintries to be sold.
export
items sent out to orther courintries to be used or sold.
scarcity
supply is low or not availble
productivity
the ability to make more producks faster and better
explain supply and demand
supply ; how much of a good is avaibail. demand ; how much people want or need a good. supply gose up but demand is low =prices decrecess. supply is low but demand is high = prices incresses.
explain the triangular trade routes - what where they? what colonies/countries were involved/ what was the purpose?
the routs went from 13 colonies to england to africa and to west indies. the pourpous was to receve needed items and sent out items to who need them.
what did the west indies import from africa?
slaves and gold
what did the colonies import from the west indies
slaves suger and molasses
What did England export to Africa?
iorn prouducks
What did the colonies export to England?
tabaco fish lumber and wail oil
Why do countries or groups of people trade with each other?
some crurintries do not have what thay need so they will trade items needed by orther crurintries to receav what they need
What type of industries were in the New England Colonies?
. fur
. lumber
. fishing
.ship bulliding
What type of industries were in the Middle Colonies?
. lummber
. farming
. iorn
. live stock
What type of industries were in the Southern Colonies?
. farming
- tabaco
- cotten
- rice
- fishing
A farmer needs fertile land and open farmland to grow a large amount of cash crops. Which region does a farmer live in?
the soulth