Colonial Economics Flashcards Preview

US History I > Colonial Economics > Flashcards

Flashcards in Colonial Economics Deck (10):
1

What is salutary neglect?

Allows colonies to provide for themselves

2

What is mercantilism?

Colonies make money for mother country

3

In the south what is main source of economy?

Farming plantations

4

What crops were on southern plantations?

Cotton, rice, indigo, tobacco

5

What were middle colonies source of economy?

Big trading cities (PHI NYC)

6

What were the crops grown in middle colonies?

Wheat and grain

7

What was the source of economy in New England?

Ocean industries

8

What was the general goal for social classes?

Make a larger middle class

9

What was the form of trading between the Atlantic countries?

Triangle trade

10

What were the two British policies?

salutary neglect and mercantilism