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| Should a country export (sell) more goods or import (buy) more goods? |
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| Export more goods so they can make more money for their country |
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Free Enterprise
(Free-market economy)
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| Freedom for a business to compete for a profit with little government regulation |
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| Why were the 13 English colonies so important to to the country of England? |
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Definition
| -a way to make money or an economic resource |
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| to illegally trade with other nations |
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An economic system where a colony provides resources to the mother country so the mother country can make a profit
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| Finished product goods / goods that have been "made" in England and shipped back to the 13 colonies |
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Natural goods such as wheat, lumber, tobacco, etc. that have not been processed
(mainly located in the 13 Colonies) |
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| Required the 13 Colonies to trade mainly with ENGLAND |
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A trade route that exchanged goods between the West Indies, American colonies and West Africa
goods such as:
rum
slaves
molasses/sugar
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| The cruel and inhumane shipment of African slaves across the Atlantic Ocean to the West Indies |
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Beneficial Neglect
The colonists thought it was "beneficial" to them that England neglected them for some time |
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| Producing enough food for a family to eat, but not to sell for a profit |
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