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Discuss The Impact Of Economy On New England And Middle Colonies

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Despite religion and politics having an impact on the growth in colonies, Economics had the greatest influence on the development in New England , Middle colonies, and Southern colonies, Because of Shipping, Trading and Slavery became a high demand and profit for many colonies. These colonies began from people wanting to make a profit on American goods, people trying to start a new life and freedom of religion. In New England shipping and lumber made the colonies grow. European colonist were interested in trading with the native Americans, because the natives had animal fur and pelts that gained high prices(fact son file). The markets in every colony had special and valuable goods to trade with the other colonies who want to buy their product from them. “This trade proved significant, accounting for 18 percent of Carolina’s total export earnings before 1749 and remaining at roughly 10 percent until 1775.(facts on file).” In the early years colonist went in the transatlantic trade, Merchants and planters in Virginia exported tobacco and New englanders shipped grain and lumber in exchange for the colonist imported goods. By the early 18th century the value imports increased and more colonist started to trade into the trend. …show more content…

In the middle colonies there were rich farmland in many areas so “there economy was based primarily on agriculture,(facts on file.)” Their products were flax, raised livestock, and processed lumber that was sold to the West Indies that supported planters and slaves. The high demand of raw materials made a development in a growing international market. Farming was important for the middle colony, so the need for slaves were important especially of the successful cash crops tobacco, rice, and indigo. That’s why so many people moved to middle colonies because they were looking to make a profit as well.

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