Economy Flashcards

1
Q

1620 turning point for tobacco

A

Rolph brings better quality tobacco seed to area.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Beginning of Chesapeake and failures. 17th century

A
  • almost failed within first 10 years.
  • went under the ideas of Sapin.
    Wanted to extract goods.
    Had to try new things instead.
    Also expected same climate as Mediterranean, however poor winters.
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Packaging tobacco Chesapeake 17th century.

A
  • barrel
  • 160-490-1,000 lbs in 1690s
  • got better at packaging.
  • utilising space
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Land managed Chesapeake 17th century

A

Man could manage far more land in chesepeake.

X2 as much land in 1680.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

War in the Atlantic

A
Years: 1689-1713
Affected due to pirates 
Need for convoying 
Cost. 
Access to markets
Perishable goods.
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Issues Chesapeake 17th century

A

Focus on X. No production for domestic consumption
Increasing inequality.
Resulted in few cities
No milling either.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Tax Chesapeake 17th century

A

James I taxation on tobacco.
Tariff of £1 per pound
James I introduced it due to taste, harsh on lungs, smell.
Taken away due to harmful effects to the economy of the Chesapeake.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Returns from tobacco Chesapeake 17th century

A

Huge returns at the beginning
24p (2 shillings)/pound 1610s-20s
Fell hugely, started to increase 1680s to 0-2 pence and up to 3 pence later on.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Imports of plantation tobacco into England and Wales

A

1616 1,250 lbs
1620 60,000 lbs
1660 12,000,000 lbs
1686 28,000,000 lbs

How well did you know this?
1
Not at all
2
3
4
5
Perfectly