Unit 2 Vocabulary

A agricultural product that is grown for the sole purpose of selling

• Cash Crop

• Charter

• Compact

• Plantation System

A European system of trading between Colonies and their Mother (home) country 

• Free Enterprise

• Mercantilism

• Commerce

• Colonization

an agreement

• Charter

• Mercantilism

• Compact

• Refuge

Farmers making just enough food for their families and sometimes a little more for trading

• Import

• Subsistence Farming

• Export

• Cash Crop

Goods that are brought into a country for economic purposes

• Commerce

• Export

• Import

• Mercantilism

Goods that are shipped out of a country for economic purpose

• Export

• Import

• Cash Crop

• Commerce

Business governed by the laws of supply and demand, not restrained by government interference, the consumer controls demand

• Mercantilism

• Commerce

• Free Enterprise

• Representative Government

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

• Charter

• Compact

• Colonization

• Commerce

refers to the trade of slaves that took place across the Atlantic ocean

• Plantation System

• Trans Atlantic Slave Trade

• Commerce

• Import

One that owes something to another

• persecution

• refuge

• debtor

• colonization