New England’s EconomyNew England’s Economy

Chapter 5 Chapter 5

Lesson 3Lesson 3

As time passed, life in New England As time passed, life in New England became less difficult. By the 1700’s, the became less difficult. By the 1700’s, the great-grandchildren of the early great-grandchildren of the early colonists lived much more comfortable colonists lived much more comfortable lives. This success was because of the lives. This success was because of the sea and the region’s thick forests.sea and the region’s thick forests.

Many colonists in New England had built Many colonists in New England had built successful fishing, whaling, trading, successful fishing, whaling, trading, and shipbuilding and shipbuilding industries.industries.

IndustryIndustry

Includes all the Includes all the businesses that businesses that make one kind of make one kind of product or provide product or provide one kind of service.one kind of service.

Example: fishing, Example: fishing, whaling, trading, and whaling, trading, and shipbuilding shipbuilding industries.industries.

Fishing and Whaling IndustriesFishing and Whaling Industries

Surplus of fish (They Surplus of fish (They could catch more could catch more fish than they fish than they needed)needed)

Catch whales, boil Catch whales, boil their blubber and use their blubber and use it for oil in lamps.it for oil in lamps.

Trading IndustryTrading Industry

The English government insisted that the The English government insisted that the colonists send their colonists send their exportsexports (goods (goods leaving the country) ONLY to England or leaving the country) ONLY to England or other English colonies.other English colonies.

They also expected the colonists to They also expected the colonists to ONLY buy ONLY buy importsimports (goods brought into (goods brought into the country) from Englandthe country) from England

Triangular Trade RouteTriangular Trade Route

This route connected This route connected England, the English England, the English colonies in North colonies in North America, and the west America, and the west coast of Africa.coast of Africa.

Read the text and Read the text and check out the map on check out the map on page 202!page 202!

It’s time to take some notes!It’s time to take some notes!

industryindustry

Includes all the businesses that make one Includes all the businesses that make one kind of product or provide one kind of kind of product or provide one kind of service.service.

Example: fishing, whaling, trading, and Example: fishing, whaling, trading, and shipbuilding industries.shipbuilding industries.

ExportsExports

goods leaving the countrygoods leaving the country

ImportsImports

goods brought into the countrygoods brought into the country

Triangular Trade RouteTriangular Trade Route

Route in the Atlantic Ocean that connected Route in the Atlantic Ocean that connected England, the English colonies in North England, the English colonies in North America, and the west coast of Africa.America, and the west coast of Africa.