Colonial Economy. Economic Diversity: -South= Agriculture -North = Commerce -Towns and cities...
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Transcript of Colonial Economy. Economic Diversity: -South= Agriculture -North = Commerce -Towns and cities...
Colonial Economy
Economic Diversity:
-South= Agriculture -North = Commerce
-Towns and citiesdevelop along water
Economy
• Mercantilism
– Economic policy– Europe– Way to get rich– Export more than you import
Effect= Britain creates rules for colonial trade
Commerce and Immigrants (New England)
• Port cities– Boston– Immigrant population increases due to
religious freedom and economic opportunities (German, Scotch-Irish, Dutch)
– More towns in North than Southern colonies– Use town meetings to govern
New England Colonies
• Shipbuilding
• Fishing
• Smaller farms self-sufficient
Middle Colonies’ Economy
• Diverse in people and business
• Less slaves – Shops, homes and farms
Middle Colonies’ Economy• Farming
– Wheat, barley, rye
• Commerce– Access to water– Shipping overseas– New York and Philadelphia
Southern Economy
• John Rolfe and tobacco– Virginia, Maryland, NC
• Plantations develop– Need for labor– Indentured servants
• Agree to work for landowner• 4-7 years
– slavery
Southern Plantation Systems
• Exported cash crops to make money• Creates:
(1) Large farms around rivers (2) Need for lots of labor (3) Wealthy class of plantation owners
Slave Trade
• First slaves were captured Native Americans
• African slave trade flourished by 1700s• Slaves endured a harsh voyage: Middle
Passage• Widespread use in Southern colonies