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Identify ways in which the economies of the colonies varied?

Identify two ways in which the economies of the colonies of New England, the mid-Atlantic, Chesapeake, and the lower South varied. And how do you account for these differences?

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The basic differences in the economies of the colonial period were in production (rural versus industrial) and urbanization (which concentrated the wealth).

The northern colonies:

Diverse - industry, timber, fishing, small farms
Little importation, more self-reliant
Did send corn and wheat to England
Port cities were economic hubs

The middle colonies:

Part agriculture, part industrial
More liberal in religion, settled for religious freedom
Paper, iron and textiles encouraged trade

The southern colonies:

Based on Agriculture, lacked diversity
Plantations were larger, required slaves to work
Cash crops for export (rice, indigo, tobacco) later cotton, but not until 1800s
Primary trade with England, sent raw materials over, received finished products ...

Solution Summary

Identify two ways in which the economies of the colonies of New England, the mid-Atlantic, Chesapeake, and the lower South varied. And how do you account for these differences?

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