colonial economy an overview. agriculture 90% of economy crops varied from one geographical region...
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Colonial EconomyAn Overview
Agriculture
90% of economyCrops varied from one geographical
region to next
New England Colonies
Massachusetts
Rhode Island
Connecticut
New Hampshire
Economy in New England
Founded by Puritans
Rocky soil, short growing season - lead to cattle raising, fishermen
Fish = (export commodity)
Manufactured Goods and RUM!
Middle Colonies
New York
New Jersey
Pennsylvania
Delaware
Economy in Middle Colonies
Rich soil, industrious families
Cash Crops: wheat, barley and rye
New York - Wheat exports replace fur trade
Manufactured Goods: guns, glass, clocks, iron
Dutch Fur Trade
Trading posts along Hudson
Fort Orange - Albany
Beaver Skins - very valuable
Rich families given estates called Patroons
1664 - English take over New Netherlands from unpopular Dutch governor Peter Stuyvesant
Southern Colonies
Maryland
Virginia
North Carolina
South Carolina
Georgia
Economy in Southern Colonies
1612 - John Rolfe developed marketable tobacco
1720’s - Rice thrives in Carolina lowlands
Expanded plantations, acquired more slaves
Economy in South
1740’s - Indigo (blue dye) became most valuable commodity tobacco, rice
Eliza Lucas Pinckney - perfected strain of indigo grown in South
Triangular Trade
From Colonies to Europe - Rum, tobacco, lumber, etc.
From Europe to Colonies - Manufactured goods
From Colonies to Africa - rum and guns
From Africa to Caribbean - slaves
From Caribbean to Colonies - sugar, slaves
From Colonies to Caribbean - flour, fish, etc.