1. Colonial Economy
Ms. Baquedano

2. Do Now (Left hand side) pg. 1
How do you describe what an economy is? 3 Sentences

3. Vocabulary
Colony: an area occupied by settlers from another country with the goal of political control
Mercantilism: colonies exist for the benefit of the mother country
Natural resources: materials that occur in nature that can be used for economic gain [Also called raw materials]
Cash Crop: crop produced for monetary value rather than for use by the grower.

4. Why colonize? In the 1600’s, Britain was the world’s biggest power
To maintain power, they need money
For money, Need natural resources
For natural resources, like cash crops need a place to plant them
Things to consider: climate, size, distance

5. Triangle trade
Definition: A system of trade in which a country pays For its imports from one country by exporting to another country
In other words… if want a good, you trade for it with the goods you have
This system used with Britain, West Africa, The West Indies, and the Colonies.
Traded slaves, sugar, rum, textiles, rubber…etc

6. Right hand side Pg 2

7. Right Hand Side Pg. 2