SS 3:2 Flashcards

Test Thursday, January 9th 2025

1
Q

Parliament

A

England’s bicameral (two-house) legislature (lawmaking body) made up of the House of Lords and the House of Commons ; the Prime Minister is in charge of Parliament

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2
Q

Great Britain

A

An island made up of the countries of England, Wales, and Scotland.

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3
Q

United Kingdom

A

Great Britain and Ireland (at this time).

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4
Q

Mercantilism

A

A system of creating and maintaining wealth through carefully controlled trade. England controlled the colonies for wealth.

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5
Q

Imports

A

Goods brought into a country; a country gains wealth if it has fewer imports than exports.

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6
Q

Exports

A

Goods sold to other countries; a country gains wealth if it has more exports than imports.

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7
Q

Duties

A

Taxes added to imported items

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8
Q

Smuggling

A

Illegal trading of goods

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9
Q

Navigation Act of 1660

A

Parliament passed a series of acts that forbade colonists from trading specific items such as sugar and cotton with any country other than England; colonists also were forced to use English ships.

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10
Q

Molasses Act of 173

A

Parliament passed an act which placed duties on sugar, molasses, and rum; British officials rarely carried out this law.

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11
Q

Free Enterprise

A

Business conducted with little or no interference from the government

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12
Q

Raw Materials

A

Unfinished or unprocessed goods (leather, wood)

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13
Q

Manufactured Goods

A

Finished or processed products (clothes, furniture)

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