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Chapter 4 Lesson 2 Daily Life in the Colonies
7
Transcript
to trade one good for another
an export is a product sold to other countries.
is a product bought from other countries.
resources that can be made into products, such as timber for making furniture.
a three sided trade route
skilled workers and crafspeople, such as blacksmiths, carpenters, wigmakers, basketmakers, and tinsmiths.
society groups, based on their wealth or importance.
an economic idea popular in the 1600s and 1700s. It is the idea that countries benefit from trade when they exported more than they imported.
three sided trading
Chapter 4 Lesson 2
Life in the Colonies
triangular trade
raw materials
artisan
import
class
barter
export
mercantilism
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