Chapter 3 Vocab Flashcards
mercantilism
Economic theory that a country should acquire as much bullion, or gold and silver, as possible by exporting more goods than it imports
balance of trade
Difference in value between imports and exports
duty
A tax on imports
salutary neglect
Great Britain’s policy in the early 1700s of not interfering in the American colonies’ politics and economy as long as such neglect served the British economic interests
stable crops
A crop that is in constant demand, such as cotton, wheat, or rice
triangular trade
Trade between the Americas, Europe, and Africa
gentry
In colonial America, men and women wealthy enough to hire others to work for them
almanac
Book containing information such as calendars and weather predictions
apprentices
Person placed under a legal contract to work for another person in exchange for learning a trade
self-sufficient
Having the necessary resources to get along without outside help
Middle Passage
One leg of the triangular trade; term also used to refer to the forced transport of slaves from Africa to the Americas.
mutiny
Revolt against a superior authority
Stono Rebellion
Slave revolt in South Carolina in 1739
immigrants
Person who enters a new country to settle
Great Awakening
Religious revival in the American colonies during the 1730s and 1740s
