1. Colonial Economy

2. New England
Massachusetts
New Hampshire
Connecticut
Rhode Island

3. Subsistence Agriculture
Geography
mountains
no navigable rivers
rocky, infertile soil
short growing season

4. Subsistence Agriculture
Farms
small farms
close communities
livestock, goats and pigs
orchards

5. Commercial Economy Ship Building Timber / lumber tar turpentine
Boston – major port 1631

6. Commercial Economy
Fishing
cod
herring
halibut
mackerel

7. Commercial Economy
Whaling
fuel
wax
perfume

9. Navigation Acts
passed by Cromwell
Economic system of mercantilism

10. Navigation Acts mercantilism
Colonies exist to make mother country rich
Mother country wanted monopoly over trade
colonies are inferior
mercantilism

11. Navigation Acts all trade on English ships
all ships with English crews
sell raw materials to England only
buy manufactured goods from England only

12. Triangle Trade
Turning common every day resources into cash through a series of exchanges