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What Systems
Developed in the
Colonies?
Unit 4, Lesson 5
AGENDA
• Vocabulary
• Free Market Economy
• Child’s life
• Apprentices
• Slaves
mercantilism
• an economic system centered around
the belief that a government can
make a nation more prosperous by
regulating trade and using tariffs and
other protective measures to achieve
a balance of exports over imports.
mercantilism
artisan
• (noun) a skilled worker who
makes thing by hand
apprentice
• (noun) a person who learns a
skill or trade from an
experienced worker
journeyman
• (noun) a trained worker who is
employed by someone else
town common
• (noun) an open space in the
center of a town where cattle
and sheep could graze
free-market economy
• (noun) a system in which
prices are not controlled by
the government
Free-Market Economy
The colonies are a free-
market system. This means
that the king had little to no
control over the economy in
the colonies (at first).
Free-Market Economy
*Each colony had its own
government and they made
everyday decisions
*Conflicts between the English
and colonists didn’t begin until
later when the English began
trying to control the finances of
the colonists (taxes,
trade,fees, etc.)
Mercantilism
Mercantilism is an economic
philosophy the British followed.
It says…
1. A country (Great Britain) can get rich by having more colonies
2. The colony should supply raw materials and the mother country
should manufacture goods and sell them back to the colony
3. The mother country should export more than it imports
4. The mother country should control all trade
Apprentices
Children would go to school until the age
of around 7. Then, they worked on the
family farm or became an apprentice,
learning a trade and working for free.
*Room, clothing, and food paid for
*At 21 you could work as a journeyman or try to
start your own business
Apprentices
Indentured-Servants
A person that could
not pay for their trip
to America would
have his or her
voyage paid for and
then be indentured
to a family or master
for several years.
Slaves
Slavery Begins:
The growth of the tobacco industry
creates the need for slave labor
*Plantations system begins (crops
such as rice, indigo, and cotton
required cheap labor also)
*Were often taught a trade, but
never had the opportunity to run
their own business
Slaves
In 1640 there are
less than 200 slaves
in Virginia, but by
1700 there are more
than 28,000 slaves
in Virginia.

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Unit 4, Lesson 5

  • 1. What Systems Developed in the Colonies? Unit 4, Lesson 5
  • 2. AGENDA • Vocabulary • Free Market Economy • Child’s life • Apprentices • Slaves
  • 3. mercantilism • an economic system centered around the belief that a government can make a nation more prosperous by regulating trade and using tariffs and other protective measures to achieve a balance of exports over imports.
  • 5. artisan • (noun) a skilled worker who makes thing by hand
  • 6. apprentice • (noun) a person who learns a skill or trade from an experienced worker
  • 7. journeyman • (noun) a trained worker who is employed by someone else
  • 8. town common • (noun) an open space in the center of a town where cattle and sheep could graze
  • 9. free-market economy • (noun) a system in which prices are not controlled by the government
  • 10. Free-Market Economy The colonies are a free- market system. This means that the king had little to no control over the economy in the colonies (at first).
  • 11. Free-Market Economy *Each colony had its own government and they made everyday decisions *Conflicts between the English and colonists didn’t begin until later when the English began trying to control the finances of the colonists (taxes, trade,fees, etc.)
  • 12. Mercantilism Mercantilism is an economic philosophy the British followed. It says… 1. A country (Great Britain) can get rich by having more colonies 2. The colony should supply raw materials and the mother country should manufacture goods and sell them back to the colony 3. The mother country should export more than it imports 4. The mother country should control all trade
  • 13. Apprentices Children would go to school until the age of around 7. Then, they worked on the family farm or became an apprentice, learning a trade and working for free. *Room, clothing, and food paid for *At 21 you could work as a journeyman or try to start your own business
  • 15. Indentured-Servants A person that could not pay for their trip to America would have his or her voyage paid for and then be indentured to a family or master for several years.
  • 16. Slaves Slavery Begins: The growth of the tobacco industry creates the need for slave labor *Plantations system begins (crops such as rice, indigo, and cotton required cheap labor also) *Were often taught a trade, but never had the opportunity to run their own business
  • 17. Slaves In 1640 there are less than 200 slaves in Virginia, but by 1700 there are more than 28,000 slaves in Virginia.