Social Studies Flashcards
Bring in items to be used from another country.
Import
To send out items to another country
Export
Low in supply or not available
Scarcity
The ability to make more products faster and better.
Productivity
Explain supply and demand
Supply-How much of a good that is available.
Demand-How much people want or need a good.
When supply goes up but demand goes down = price decreases.
When supply goes down but demand goes up = price increases.
Explain the Triangular Trade Routes and what was the purpose.
The routes went from 13 colonies to England to Africa and then to West Indies.The purpose was to send items needed by other countries and receive needed items.
What did the West Indies import from Africa.
Slaves,Gold
What did the colonies import from the West Indies.
Slaves,Sugar,Molasses
what did England export to Africa.
Iron Products.
What did the colonies export to England.
Fish,Whale,Lumber,Tobacco
Why do countries or groups of people trade with each other
People trade to gather materials they need of to share materials they have a lot of. This helps the economy and build relationships with other locations.
New England Colonies industries
Fishing, fur, Lumber, Shipbuilding
Middle Colonies Industries
Livestock, Wheat, Iron, fur, timber
Southern Colonies
Farming, Rice, Tobacco, indigo, Lumber, fish, cotten.
A farmer needs fertile land and open farmland to grow a large amount of cash crops.What region would a farmer live in.
Southern Colonies
