Colonial Economy.

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Presentation transcript:

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