Colonial Economy An Overview.

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Presentation transcript:

Colonial Economy An Overview

Agriculture 90% of economy Crops 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.

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