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The economy of the New England colonies took advantage of the location and Natural Resources which surrounded it. Fishing, whaling, shipbuilding, and lumber were some of the industries the colony was very successful in. In addition, small farms which grew crops that only required short growing seasons, and were hardy enough to stand the usual chilly weather, also flourished.
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FranNew 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.
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What was colonial New Englands economy based on?
nothing so... how you doin? ;)
The basis of Southern economy?
The basis of the economy in the Southern American colonies was tobacco and cotton exports. As the colonies expanded westward, and later when much of the South was part of the USA, cotton exports expanded. There was demand for cotton in England as well as in the New England textile mills.
Why was the New Bedford Massachusetts important to the economy of the New England Colonies?
The economy of New England was based in trade and commerce. New Bedford was a port from which goods could be shipped and unloaded.
What could New England's economy be characterized as in the eighteenth century?
a diversified worldwide commercial economy.
What colony has the best economy?
new york
