| A | B |
|---|
| Exploration | Europeans first colonize the Americas, which results in the Columbian Exchange. |
| Colonial America | Limited self-government by the colonies and economic development of colonies through Triangular Trade. |
| First Americans | Humans first arrive in the Americas and change from nomads to farmers (= "Neolithic Revolution"). |
| Articles/Constitution | Plans of government based on the consent of the governed. |
| Revolutionary America | Americans fight for their independence from England and, in the end, gain control of land north of Florida and east of Mississippi River. |
| export | to sell goods to another country |
| surplus | exports are greater than imports (example = China) |
| Columbian Exchange | people, ideas, and goods transported from the New World to the Old World, and from the Old World to the New World |
| import | to buy goods from another country |
| Triangular Trade | the movement of goods, plants, and people among the Americas, England/Europe, and Africa |
| scarcity | the idea that there are never enough resources, time, or money to meet the unlimited wants and needs of people |
| opportunity cost | the option given up when you choose one thing over another |
| deficit | imports are greater than exports (example = U.S.) |
| income tax | the federal tax that raises money to pay for the military, health care, interest on the debt, etc. |
| Gross Domestic Product | total value of all goods and services produced in a country in one year |
| property tax | local tax to raise money to pay for schools |
| inflation | general increase in prices and fall in the purchasing value of money |
| Mayflower Compact | Although loyal to the King, the colonists will make some of their own laws that everyone in the colony must obey. |
| Declaration of Independence | People have certain rights that the government should protect. If the government does not protect these rights, the people have the right to change the government. |
| Articles of Confederation | In this plan of government, most of the power remained with the states. For example, the federal government had not power to tax. |
| Constitution | This plan of government was written by the people to create a more perfect union that is just, peaceful, and secure, and that protects the people's freedoms now and forever more. |
| Bill of Rights | Ten individual rights that the federal government may not take away. |
