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Triangular trade
Term | Definition |
---|---|
Import | Goods that are brought into our country that are made in another country. |
Import | Make clothes, tools, and toys. |
Export | Goods and service that are made in our country and shipped to other countries. |
Export | top exports- 1.machines and engines 2.electronic equipment 3. oil 4. vehicles 5. aircraft |
Raw Materials | Materials before being processed or manufactured into a final form. |
Raw Materials | Something in it’s natural state |
Manufactured Goods | products that have been made from raw materials, especially as a large-scale operation using machinery. |
Triangular Trade | A pattern of trade between England, Africa and the American Colonies. • A pattern of trade between England, Africa and the American Colonies. • A pattern of trade between England, Africa and the American Colonies. |
Triangular Trade | • Colonies were exporting raw materials and importing manufactured goods. |
New England Colonies | They used timber for boats so they could go fishing and they worked on small farms. |
Middel colonies | Grew staple crops that were continually in demand. Examples are wheat, barley, and oats. |
Southern Colonies | Grew cash crops that were sold specifically for a profit. Rice, tobacco, and indigo. |
Indentured servent | Brought over to serve a 4 to 7 year term, in return got his ship fsir payed for. |
common jobs | Making soap, small farming, and fishing industries |
Economy | Production is the making of a good or service. |
Economy | Distribution of a good is selling a good or service. |
Economy | Consumption of a good or service is buying a good or service. |
Economy | A good is any physical item. |
Economy | A service a physical act that is to help out another person. |
Slave | A person forced to work against their will for no pay at all. |
New England slave labor | Had the least amount of slaves used most of them for crafts people. |
Middle colonies slave labor |