Flashcards in Colonial Economics Deck (10):
What is salutary neglect?
Allows colonies to provide for themselves
What is mercantilism?
Colonies make money for mother country
In the south what is main source of economy?
What crops were on southern plantations?
Cotton, rice, indigo, tobacco
What were middle colonies source of economy?
Big trading cities (PHI NYC)
What were the crops grown in middle colonies?
Wheat and grain
What was the source of economy in New England?
What was the general goal for social classes?
Make a larger middle class
What was the form of trading between the Atlantic countries?