During the imperialistic era of European colonization, their over seas colonies that had plantations became important. Nations such as Great Britain, France, Spain, Portugal and even Belgium owned colonies that had tropical or semi tropical climates that were useful for growing needed crops for the Europeans. The products grown in these colonies such as cotton were grown on large plantations fielded with low paid farmers. This arrangement was a cheap source of products for the colonial nations and thus became very important.
slavery benefited the southern economy because raised a lot of money for the slave owners,especially when the slaves get extra jobs,because all of the money the earned goes straight to their owner. :(
because it strengthens the economy
Command economy: Government planners. Free-market system: Costumers and producers. Mixed economy: Government officials and producers
The price system is so important to the free market economy because the price system allows a company to compete within the market by setting a price that is fair for consumers and the provider. A fixed price system causes the market to fail if prices of supplies rise.
The plantation system was developed in the Southern colonies of the US. A plantation system/economy is an economy based on agricultural mass production, usually of a few staple products grown on large farms called plantations.
The overwhelming majority of slaves were field hands, picking cotton and planting and harvesting rice, tobacco, and sugar cane. The occupational distribution of slaves reflected the nature of the economy and society of the South.
They worked the enslaved Africans harder on the fields. The southern economy came to depend on slavery.
Plantation system and growing of cotton, indigo, rice, tobacco.
The rich soil of Virginia was well suited for large scale farming.
Tobacco and cotton.
The South
The South
The plantation system was the division of the land into smaller parcels that were under private ownership. The plantation system started in Virginia.
A market economy is necessary for a capitialist system.
increase in tobacco growth called for more labo, bringing in slaves to work the plantations, the carolinas had close economic ties with the sugar islands, rice=principle export crop, called for more slaves, slavery found in all plantation colonies,
The South