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Sarah Berger Erin Herlihy Callia Kroll Emily Wartella. Colonial Economies. Colonial Economies. Developed substantial trade with the Native population of North America, with the French settlers to the north, and-to a lesser extent-with Spanish colonists to the south and west.
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Sarah Berger Erin Herlihy Callia Kroll Emily Wartella Colonial Economies
Colonial Economies • Developed substantial trade with the Native population of North America, with the French settlers to the north, and-to a lesser extent-with Spanish colonists to the south and west. • Farming dominated all areas of European and African settlements. • Chesapeake region= tobacco • Georgia= rice • South Carolina= rice and indigo • Southern colonies developed less of a commercial or industrial economy than the colonies of the north.
Northern Economic and Technological Life • New York, Pennsylvania and the Connecticut river valley were the chief supplies of wheat to parts of the south and New England. • Almost every colonist engaged in a certain amount of industry. Examples are: cobblers, blacksmiths, riflemakers, cabinetmakers, silversmiths, and printers. • Saugus Ironworks was established in the 1640s after the discovery of iron ore in the region • Fur trading was eventually in decline and taking its place were lumbering, mining and fishing.
The Extent and limits of technology • In some parts of America in the 17th and 18th century technology was rapidly advancing. • Other parts were lacking in technology advancements. • Few colonies were self sufficient due to slow moving advancements of technology. • Only about half of the households in North America (not counting the natives) owned a gun. • Elementary level tools were hard to make for some colonists. • Due to technological limits a lot of colonists had no or little money.
The Rise of Colonial Commerce • American merchants faced such bewildering and intimidating objects. They managed to stay afloat only with great difficulty. • It was near impossible to trade. No merchants could be certain that the goods would be sufficient quantity or finding adequate markets. • West Indies had a lot of rum, agricultural products, meat, and fish. • Mainland had a lot of sugar, molasses, and slaves. • American products were furs, timber, and ships.
The Rise of Consumerism • The rise of consumerism created new appetites and new opportunities. • Advertising started in journals and in newspapers. • With consumerism came the need of materials and things that were luxurious quickly became needs.