Colonial Ecnomics Flashcards
what does import mean
to receive materials from other countries
what does export mean
to give materials to other countries
what is the triangular trade purpose
to receive needed items and to send out items to other locations who needed them
whats scarcity mean
very low supply or not available
whats productivity
the ability to make more products faster and better
explain the triangular trade routes
the routes were from 13 colonies to england to africa to the west indies d
what did west indies import from africa
slaves,gold
what did colonies import from west indies
slaves sugar molasses
what did england export to africa
iron products
what did the colonies export from england
timber,tobacco,fish,lumber,whale oil
why do countries or groups of people trade with each other
some countries don’t have the materials they need.so they will trade items needed by other countries to receive what they need.
what type of industries did each region have
new england colonies/ middle colonies /southern colonies farming
tobacco cotton furishy
rice
fur lumber
farming indigo iron live stock
lumber
fishing
ship building
which region would a farmer live on
southern colonies
which region would a cabinet maker live in
new england colonies
which region would a fisherman live in
new england colonies
