A | B |
Jamestown | first permanent English settlement |
Virginia Company of London | financed the settlement of Jamestown |
First Charter | authorized the establishment of COLONIES |
Second Charter | allowed for a representative form of GOVERNMENT |
Third Charter | extended English RIGHTS to colonists |
General Assembly of Virginia | oldest representative legislative body in the western hemisphere |
cash crop | a crop grown to sell for money rather than for use by the growers |
indentured servants | settlers who came to the colony to work for a predetermined number of years to pay for their passage |
natural resources | water, soil, wood, coal, air, sun |
human resources | people at work |
capital resources | goods made by people and used to produce other goods and services |
consumer | a person who uses goods and services |
producer | a person who uses resources to make goods and/or provide services |
goods | touchable things/items people make or use to satisfy needs and wants |
services | activities that satisfy people's needs and wants |
money | a medium of exchange (currency, which includes coins and paper bills) |
barter | the trading/exchanging of goods and services without the use of money |
credit | buying a good or service now and paying for it later |
debt | a good or service owed to another |
saving | money put away to save or spend at a later time |