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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 ...
The New England and the Middle colonies largely supplied their labor needs through a combination of family immigration, natural increase, and the importation of bound European workers known as indentured servants.
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.
28 mar 2008 · From 1611 to 1618 the colony was ruled with iron discipline, with a detailed plan for all economic operations. All land was to be owned by the company and farmed collectively. The workers, all men, were to be treated as bound servants of the company for their specified terms.
23 mar 2015 · New data now allow conjectures on the levels of real and nominal incomes in the 13 American colonies. New England was the poorest region, and the South was the richest. Colonial per capita incomes ...
But once in North America, after an initial period of economic dislocation—predictable, perhaps, when a group of primarily urban residents migrate to a place that they considered a “wilderness”—many colonists in New England set about to improve their economic standing.
They did not repay their investors, nor did they establish any of the north European countries as a significant colonial power. By the turn of the century, therefore, a new generation of adventurers – first in England and then more gradually on the continent – began to consider a change in strategy.
