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Mercantilism
An economic theory that there is a finite amount of wealth in the world and governments should create policies to increase national wealth.
Thirteen English colonies
The group of colonies established by England that experienced major economic growth in the 17th and 18th centuries.
Colonial trade
Trade practices that were heavily regulated by Britain through acts like the Navigation Acts.
Navigation Acts
Laws passed by British Parliament to control colonial trade and ensure that the colonies benefitted England.
Trade surplus
A situation in which a country exports more than it imports.
Economic growth in colonies
The expansion and development of colonial economies during the 17th and 18th centuries due to mercantilist policies.
Indentured servants
Laborers who worked for a fixed number of years in exchange for passage to America and support.
American Revolution
A conflict that arose partly due to colonial resentment against British economic control.
Colonial resentment
The feelings of discontent among colonists towards British control over trade and economy.
Urbanization
The growth of cities in the colonies, fueled by shipping and trade.
Triangular Trade
A three-part trade system connecting Europe, Africa, and the Americas.
Middle Passage
The brutal route taken by slave ships from Africa to the Americas, transporting enslaved people.
Monopoly
Exclusive control over a commodity or service, often established through mercantilist policies.
Cash crops
Crops produced for commercial value, such as tobacco and rice, predominantly grown in the Southern colonies.
Fur trade
The industry centered around the trade of animal fur, especially prominent in France's North American colonies.
GDP
A measure of the economic performance of a country or region.
Natural resources
Materials supplied by nature used for economic gain, such as minerals, timber, and fur in the colonies.
Manufacturing
The process of turning raw materials into products, which the colonies contributed to under British mercantilism.
Trade regulations
Laws governing how trade is conducted, particularly by the British over the colonies.
Shipping industry
The segment of the economy involved in the transportation of goods by water, which grew under the Navigation Acts.
Colonial industries
Economic sectors that grew in the colonies, such as shipbuilding and warehousing.
Cultural diversity
The variety of cultural or ethnic groups within a society, increased by immigration in the colonies.
Scots-Irish
The largest immigrant group by 1775, predominantly Scottish Presbyterians who migrated to America.
Religious freedom
The right to practice any religion, which many immigrants sought in the American colonies.
Slave trade
The forced transport of enslaved Africans to the Americas for labor.
Economic tensions
Conflicts arising from economic policies and practices between Britain and the American colonies.
Loyalists
Colonists who remained loyal to the British Crown during the American Revolution.
Nativism
A socio-political policy favoring native inhabitants over immigrants.
Inhumane conditions
Unacceptable and degrading living scenarios often faced by enslaved Africans during transport.
Wage laborers
Workers who are paid a fixed amount for their service, often facing unstable employment.
Mercantilism and colonies
A system where colonies provided raw materials to the mother country and served its economic interests.
Commercial centers
Urban areas where trade is a dominant economic activity, such as Boston, New York, and Philadelphia.
Labor system
The organization of labor, including indentured servitude and slavery, in colonial economies.
Cultural pluralism
The coexistence of multiple cultural groups within a society, a result of immigration patterns.
Indentured servitude
A labor system where individuals worked for a set period in exchange for passage to America.
Economic independence
The ability of a colony to sustain its economy without reliance on the mother country.
British Parliament
The legislative body of Britain which enacted the Navigation Acts and other trade laws.
Population increase
The growth of the colonial population due to high birth rates and immigration.
Ecosystem
A community of living organisms interacting with their environment, increased by diverse immigration.
Merchant elite
The wealthy class of traders that emerged in Colonial America, often supplying military efforts.
Agricultural economy
An economy primarily based on farming and the cultivation of crops.
Rural areas
Regions located outside urban centers, often characterized by agriculture.
Shipping and trade networks
The interconnected systems of maritime trade established by colonies.
Forced migration
The movement of populations against their will, particularly regarding enslaved Africans.
Decline in local control
The loss of power among local colonial governments due to British interference.
Economic growth drivers
Factors that contribute to the expansion of economies, including trade levels and immigration.
Royal authority
Government powers exercised by the British monarchy over colonial affairs.
Regional identities
Distinct cultural and economic characteristics that developed in different colonial areas.
Mid-18th century
The period when colonial economies began to expand rapidly due to trade and immigration.
Labor force composition
The makeup of the workforce, significantly shaped by immigration patterns.
Cash crop economy
An economy focused on the production of crops for sale rather than consumption.
Economic policies
Strategies adopted by a country to regulate its economy, significant in colonial relations.
Resistance to authority
Opposition to the control exerted by existing power structures, such as British rule.
Loyalty to the Crown
Allegiance that some colonists felt towards the British monarchy, influencing social allegiances.
Revocation of charters
The withdrawal of rights that granted colonies certain levels of self-governance.
Colonial demographics
Statistical characteristics of the colonial population, including age, ethnicity, and size.
Economic interdependence
The mutual economic reliance between Britain and its colonies.
Crops in Southern economy
Principal agricultural goods produced in the Southern colonies, such as rice, tobacco, and indigo.
European trade practices
Commercial tactics employed by European powers that impacted colonial economies.
Job opportunities for immigrants
Employment possibilities that drew immigrants to colonial America.
Navigational trade routes
Paths taken by ships for trade, significantly influenced by the Navigation Acts.
Colonial manufacturing restrictions
Laws imposed to limit manufacturing in the colonies, resulting in economic discontent.
Survival strategies
Methods utilized by immigrants and colonists to adapt to New World challenges.
High birth rates in colonies
A demographic factor contributing to population growth in colonial America.
Regional economic systems
Different economic practices that evolved in various parts of the colonies.
Elevation of living standards
Improvement in quality of life resulting from economic growth and opportunities.
Supply and demand dynamics
Economic principles governing the relationship between the availability of goods and consumer desire.
Land ownership opportunities
Possibilities for individuals to acquire property, significant for social mobility.
Cultural assimilation challenges
Obstacles faced by immigrants in adopting the customs and language of their new country.
Trade imbalance effects
Consequences of unequal trade between colonies and Britain, impacting colonial economies.