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15 Cards in this Set

  • Front
  • Back
boycott
refusal to buy goods & services
blockade
when armed forces prevent transportation of goods & people into or out of an area
embargo
ban on trade with another country
impressment
practice of forcing people into military service
republic
a government in which the people elect their leaders
export
goods sold to buyers outside the country
import
goods bought from sellers in other countries
mercantilism
practice of creating & maintaining a favorable balance of trade (English colonial policy)
nationalism
a feeling of pride, loyalty, & protectiveness toward one's country
tariff
tax on imported goods
protective tariff
a high tax on importsto encourage domestic buying
free enterprise system
economic system with competition between businesses & little government control
cash crop
crops sold for money
factory system
method of producing goods that brought workers & machinery together in one place
subsistence agriculure
growing crops just to support a family & not have any extra for sale