Colonial Economy

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Colonial Economy
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• Economic Diversity
• -South Agriculture
• -North Commerce
• -Towns and cities
• develop along water

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Economy

• Mercantilism
• Economic policy
• Europe
• Way to get rich
• Export more than you import
• Effect Britain creates rules for colonial trade

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Commerce and Immigrants (New England)

• Port cities
• Boston
• Immigrant population increases due to religious
  freedom and economic opportunities (German,
  Scotch-Irish, Dutch)
• More towns in North than Southern colonies
• Use town meetings to govern

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New England Colonies

• Shipbuilding
• Fishing
• Smaller farms? self-sufficient

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Middle Colonies Economy

• Diverse in people and business
• Less slaves
• Shops, homes and farms

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Middle Colonies Economy

• Farming
• Wheat, barley, rye
• Commerce
• Access to water
• Shipping overseas
• New York and
• Philadelphia

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Southern Economy

• John Rolfe and tobacco
• Virginia, Maryland, NC
• Plantations develop
• Need for labor
• Indentured servants
• Agree to work for landowner
• 4-7 years
• slavery

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Southern Plantation Systems

• Exported cash crops to make money
• Creates
• (1) Large farms around rivers
• (2) Need for lots of labor
• (3) Wealthy class of plantation owners

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Slave Trade

• First slaves were captured Native Americans
• African slave trade flourished by 1700s
• Slaves endured a harsh voyage Middle Passage
• Widespread use in Southern colonies