1. Economy

2. Triangular Trade
3 way exchange of goods between the Americas, Europe, and Africa during the 1700s
Slaves came from Africa on a journey known as the Middle Passage
10-12 million Africans sent to the Americas between
2 million died on the journey

5. Mercantilism
Economoic theory in which the mother country relies on colonies to provide raw materials while the mother country provides manufactured goods
Economic relationship between Britain and the colonies
Export more than import
Tobacco, lumber, furs
Lack of manufacturing in colonies
Keeps colonies reliant on mother country

6. Advantages of Mercantilism
VA/MD farmers guaranteed monopoly on tobacco market in England
Average American better off economically that the average English settler

7. Colonial Currency Commodity money
Varied from colony to colony
1690 – MA 1st colony to use paper money, or bills of credit
Slowly spread
Credit grow
Average families can participate in consumer economy

8. Slavery
Bacon’s Rebellion led to change from indentured servants to slavery
America’s participation in triangular trade brought millions of slaves
Plantation farmers in South wanted cheap labor force
VA created first slaves codes in 1705
Set laws about relationships between free and enslaved people
African-Americans could not own property, move about freely, or testify againts whites in court
1775, 20 percent of the population in the colonies was African

14. The Navigation Acts
By mid 1600s, American colonies exported lumber, fur, fish, and tobacco in exchange for furniture, books, china
Some products exchanged with Spain and France
England sees this as economic threat
Navigation Acts
First passed in 1651
Colonist trade on British ships
Prohibited trade in colonies with other countries
Causes anger and resentment
smuggling

15. Salutary Neglect
In the late 1600s, England turned attention away from colonies and towards France
As long as colonists continued to provide raw materials, England would not send soldiers to enforce laws
Salutary = beneficial
Neglect = abandonment
Governors managed trade
Self- government grew stronger

16. Professional Jobs in the colonies
Clergy
Honored
Physicians
Not well trained
Not highly esteemed
Lawyers
Commonly disliked
Over time, seen as more helpful

17. Working class jobs Agriculture Fishing and Whaling Blacksmith Tailor
90% of colonists
Fishing and Whaling
“ranked” below farming
Trained sailors
Blacksmith
Tailor