Economy 10/11

Question 1

A crop that is grown to sell for money rather than for use by the growers.

Answer 1

Cash crop

Question 2

Medium of exchange.

Answer 2

Money

Question 3

Trading or exchanging of goods and services without the use of money.

Answer 3

Barter

Question 4

Buying a good or service now and paying for it later.

Answer 4

Credit

Question 5

A good or service owed to someone.

Answer 5

Debt

Question 6

Money put away to save or to spend later.

Answer 6

Savings

Question 7

What was Virginia’s primary source of wealth?

Answer 7

Agriculture

Question 8

The Virginia colony became dependent on?

Answer 8

Slave labor

Question 9

What was the most profitable product sold?

Answer 9

Tobacco

Question 10

Who were enslaved in the Virginia colony?

Answer 10

African men, women and children

Question 11

Where did the enslaved work?

Answer 11

The plantations

Question 12

If a supplier of goods let a farmer pay later, this is called?

Answer 12

Credit

Question 13

The farmer owes the supplier of goods, this is called?

Answer 13

Debt

Question 14

Name three forms of money during this time.

Answer 14

Paper, coins and barter

Question 15

Richmond was a place named to reflect which culture?

Answer 15

English

Question 16

Two cities were named to reflect cultures, what are the two cities?

Answer 16

Richmond and Roanoke

Question 17

In what year did the capitol of the Virginia colony move from Jamestown to Williamsburg?

Answer 17

1699

Question 18

What city reflected the American Indians

Answer 18

Roanoke

Question 19

Four reasons why the capitol moved from Jamestown.

Answer 19

Drinking water was contaminated by salt water seepage.
Unhealthy living conditions caused disease.
Fire destroyed wooden and brick buildings.
Williamsburg was an established town.

Question 20

Clothing were made out of what materials?

Answer 20

Cotton, wool and leather.

Question 21

What were large Virginia farms called?

Answer 21

Plantations

Question 22

Could slaves own land?

Answer 22

Yes, if they were free.

Question 23

Did African Americans had rights?

Answer 23

No