The New England Colonies economy was based on items they could export. Farming, fishing, and building ships were all exportable and important to their economy.
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New England colonies economy was first based on exporting grain and live stock, but since the soil was so poor it made farming difficult. Since the lands soil was poor it made it hard to feed themselves and their families. Since it was going bad in their farming New Englanders therefore turned to alternatives occupation. New Englanders started to trade with the West Indies while developing fishing, small manufacturing, and shipbuilding.
The New England Colonies economy was based on items they could export. Farming, fishing, and building ships were all exportable and important to their economy.
The economy in the New England colonies was based on the forests and the oceans!
The economy of New England was based in trade and commerce. New Bedford was a port from which goods could be shipped and unloaded.
In the 17th Century, New England's economy was just getting started. There were several companies that sent men and women to New England to work in the logging industry in the late 1500's. Many of the men did not do the work they were asked to do, so the companies did not prosper at first.
The often harsh climate and rocky soil meant that few New England farms could grow cash crops.
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