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26 Cards in this Set

  • Front
  • Back
Colonial
of or relating to the original 13 colonies that formed the United States
Native
people already living in North America before any European colonists arrived
Yankee
person who lived in the north eastern American colonies
peddler
a traveling salesman who sold goods that the settlers could not make themselves
cobbler
a shoe maker
merchandise
things to be sold or for sale
crafts
occupations or trades that required artistic and specialized skill
obedient
to obey the authority that a person is under
apprenticed
to be bound to serve a skilled worker for a given period in order to learn his/her skill
orphaned
a child given up by his/her parents
indentured
to sell ones self to a merchant or ship captain for a given period of service in order to get passage to the New World
mercantilism
the idea that a nations exhistence depended on power and their power on wealth
Trade Acts
number of laws passed by Great Britain that denied the American colonies their previous trade rights with other countries
colonists
people who lived in the colonies
molasses
thick syrup that is a result of manufacturing sugar cane into sugar

Cash Crop

A crop that is grown for sale by the farmer rather than for personal use

Hogshead

A large wooden barrel for holding tobacco

labor-intensive

requiring many people working hard to perform a task

Barter

The direct trading of goods and services without the use of money.

Consumers

People whose wants are satisfied by consuming a good or a service.

Craftsperson

A worker who completes all steps in the production of a good or service.

Demand

A schedule of how much consumers are willing and able to buy at all possible prices during some time period.

Exports

Goods or services produced in one nation but sold to buyers in another nation.

Imports

Goods or services bought from sellers in another nation.

Income

The payments made for the use of borrowed or loaned money.

Surplus

The situation resulting when the quantity supplied exceeds the quantity demanded of a good or service, usually because the price is for some reason below the equilibrium price in the market.