Unit 1 Vocabulary

An agricultural (farming) product that is grown for the sole purpose of selling.

• charter

• cash crop

• import

• mercantilism

An economic (money) system that relies on mass production cash crops, uses slave labor, and is located in the South.

• debtor

• charter

• export

• plantation system

An agreement is called:

• compact

• representative government

• subsistence farming

• free enterprise

Goods that are brought INTO a country for economic purposes:

• export

• import

• debtor

• cash crop

A European system of trading between colonies and their mother (home) country:

• charter

• free enterprise

• mercantilism

• compact

A document that grants permission to create or establish a new settlement:

• subsistence farming

• export

• mercantilism

• charter

Farmers that make just enough food for their families and sometimes a little more for trading:

• import

• subsistence farming

• mercantilism

• free enterprise

A government founded on the principle that elected individuals represent the people

• debtor

• cash crop

• representative government

• plantation system

Goods that are shipped OUT of a country for economic purposes:

• import

• export

• mercanitlism

• representative government

One that owes something to another:

• debtor

• free enterprise

• import

• export