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The Southern Colonies could produce tobacco, rice, and indigo in exchange for imports, whereas New England's colonies could not offer much to England beyond fish, furs, and lumber. Inflation was a major issue in the economy.
After King Phillips War, Andros successfully negotiated the Covenant Chain, a series of Indian treaties that brought relative calm to the frontiers of the middle colonies for many years. The northern colonies experienced numerous assaults from the Wabanaki Confederacy and the French from Acadia during the four French and Indian Wars ...
By 1770, the economic output of the Thirteen Colonies made up forty percent of the gross domestic product of the entire British Empire. [35] As the 18th century progressed, colonists began to settle far from the Atlantic coast. Pennsylvania, Virginia, Connecticut, and Maryland all laid claim to the land in the Ohio River valley.
Indian commercial development is defined as the economic evolution of Native American tribes from hunter-gatherer based societies into fur-trade-based industries. From the early 1500s to the 1800s, intertribal and European relationships evolved in response to the growth of English settlements into the United States.
British North America comprised the colonial territories of the British Empire in North America from 1783 onwards. English colonisation of North America began in the 16th century in Newfoundland, then further south at Roanoke and Jamestown, Virginia, and more substantially with the founding of the Thirteen Colonies along the Atlantic coast of North America.
The economy grew every year from 1812 to 1815 despite a large loss of business by East Coast shipping interests. Wartime inflation averaged 4.8% a year. [105] The national economy grew 1812–1815 at the rate of 3.7% a year, after accounting for inflation. Per capita GDP grew at 2.2% a year, after accounting for inflation. [104]
The New England colonies were settled largely by farmers who became relatively self-sufficient. The region's economy gradually began to focus on crafts and trade, in contrast to the Southern colonies whose agrarian economy focused more heavily on foreign and domestic trade. [11] New England fulfilled the economic expectations of its Puritan ...
Bidwell, Percy and Falconer, John I. History of Agriculture in the Northern United States 1620–1860 (1941) online; Galenson, David. "The Settlement and Growth of the Colonies," in Stanley L. Engerman and Robert E. Gallman (eds.), The Cambridge Economic History of the United States: Volume I, The Colonial Era (1996). Kulikoff, Allan.