Chapter 3 Part II

How did geographic variations in North America contribute to the diversification of colonial economies?

• The availability of fur-bearing animals in the northern regions led to a thriving fur trade.

• The absence of waterways in the southern regions promoted agriculture.

• The uniform climate across all colonies encouraged similar economic activities.

• The central location of major cities like Philadelphia facilitated diversified economies.

Which of the following was a direct consequence of the Columbian Exchange and its impact on global trade?

• A decrease in the population of Europe due to the exchange of diseases.

• The introduction of new food crops in Europe, such as potatoes and corn.

• A decline in the importance of the Silk Road trade routes.

• The expansion of the African slave trade in response to increased agricultural demands.

Which economic system was characterized by the belief in a positive balance of trade, where a nation sought to export more than it imported, accumulating precious metals like gold and silver?

• Capitalism

• Mercantilism

• Feudalism

• Socialism

What was a primary goal of mercantilism in the context of international trade?

• Encouraging free trade

• Promoting economic self-sufficiency

• Minimizing government intervention

• Fostering global cooperation

How did capitalism differ from mercantilism?

• Capitalism emphasized government regulation, while mercantilism favored a laissez-faire approach.

• Mercantilism focused on competition, while capitalism promoted cooperation among nations.

• Capitalism advocated for minimal government interference, while mercantilism encouraged state intervention in the economy.

• Mercantilism supported a decentralized market system, while capitalism favored a highly centralized economic structure.

In the early American colony of Jamestown, what cash crop played a significant role in its economic success and growth?

• Tobacco

• Corn (Maize)

• Wheat

• Rice

Which colonial region in North America was closely associated with the cultivation of cash crops such as tobacco, rice, and indigo?

• New England

• Middle Colonies

• Chesapeake Bay Colonies

• Appalachian Colonies

During the colonial period, how did the concept of a 'favorable balance of trade' align with the economic principles of mercantilism?

• A favorable balance of trade required importing more goods than exporting to build up national wealth.

• A favorable balance of trade meant that a nation should strive to export more goods than it imported to accumulate wealth.

• A favorable balance of trade meant the complete absence of imports, relying solely on domestic production.

• A favorable balance of trade had no relevance in the context of mercantilism.

What was the significance of Pocahontas in early American history?

• She was a Native American leader who united various tribes against the settlers.

• She introduced the cultivation of tobacco, which became a profitable crop in Jamestown.

• She was the first Native American to learn English and become a settler in Jamestown.

• She played a key role in drafting the U.S. Constitution.

How did the introduction of tobacco impact Jamestown and its relationship with Native Americans?

• It led to healthier crops and improved relations with the natives.

• It had no significant impact on Jamestown or its relations with Native Americans.

• It caused environmental degradation and increased tensions with Native Americans.

• It prompted Native Americans to adopt tobacco cultivation and trade with settlers.