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How does supply and demand affect prices?

How does supply and demand affect prices?. Bellringer for 9/26/2007. Southern Economy. Economy based on commercial agriculture Cash crop Tobacco Rice and indigo Plantations 1600s-indentured servants provided labor 1680s-increase in enslaved Africans. Southern Society.

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How does supply and demand affect prices?

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  1. How does supply and demand affect prices? Bellringer for 9/26/2007

  2. Southern Economy • Economy based on commercial agriculture • Cash crop • Tobacco • Rice and indigo • Plantations • 1600s-indentured servants provided labor • 1680s-increase in enslaved Africans

  3. Southern Society • Wealthy landowners-gentry • Planter elite • Involved in politics • Backcountry farmers-yeomen • Former indentured servants • Lived inland from waterways • Practiced subsistence farming

  4. Bacon’s Rebellion • Conflict over land • Backcountry farmers v. Native Americans • Nathaniel Bacon • Raised army to attack Native Americans • Resulted in increased use of slaves

  5. Slavery in the Colonies • Middle Passage • Voyage across Atlantic • 1619-Africans treated like indentured servants • Freedom obtained by converting to Christianity • As numbers increased, slavery became codified • 1705-VA created a slave code • Set of laws regulating slavery and social relationships

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