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6 Cards in this Set
- Front
- Back
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mercantilism
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economic theroy that a country should acquire as much bullion or gold and silver as possible by exporting more goods than it imports
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balance of trade
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the difference in value between imports and exports
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duty
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a tax
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salutary neglect
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Great Britian's policy of not interfering in the American colonies' politics and economy as long as such neglect served British economic interest
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staple crop
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crops that are in constant demand
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triangluar trade
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trade between 3 points in the Atlantic World- Americas, Europe,and Africa
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