Colonial Economy
New England Massachusetts New Hampshire Connecticut Rhode Island
Subsistence Agriculture Geography mountains no navigable rivers rocky, infertile soil short growing season
Subsistence Agriculture Farms small farms close communities livestock, goats and pigs orchards
Commercial Economy Ship Building Timber / lumber tar turpentine Boston – major port 1631
Commercial Economy Fishing cod herring halibut mackerel
Commercial Economy Whaling fuel wax perfume
Navigation Acts passed by Cromwell Economic system of mercantilism
Navigation Acts mercantilism Colonies exist to make mother country rich Mother country wanted monopoly over trade colonies are inferior mercantilism
Navigation Acts all trade on English ships all ships with English crews sell raw materials to England only buy manufactured goods from England only
Triangle Trade Turning common every day resources into cash through a series of exchanges