Commerce and Colonies

an economic system in which people put money into a business in order to make a profit

• capitalism

• invest

• interest

• mercantilism

to spend money in order to earn more money in the future

• capitalism

• invest

• interest

• mercantilism

a percentage added to the original amount borrowed

• capitalism

• invest

• interest

• mercantilism

an economic policy that held that a nation's wealth was measured by its supply of gold and silver

• capitalism

• invest

• interest

• mercantilism

a water route through or around North America

• northwest passage

• cottage industries

• religious freedom

• charter

a small manufacturing industry carried on in a person's home

• northwest passage

• cottage industries

• religious freedom

• charter

the right of all individuals to follow their own religious beliefs

• northwest passage

• cottage industries

• religious freedom

• charter

an official document that gives certain rights to an individual or group

• northwest passage

• cottage industries

• religious freedom

• charter

an instruction that tells how something should be done

• northwest passage

• guideline

• religious freedom

• representative government

a political system in which voters elect others to make laws

• northwest passage

• guideline

• religious freedom

• representative government