Econ 1740 1pm Group 1
Econ 1740 1pm Group 1
Econ 1740 1pm Group 1
1415-1460- Prince Henry the Navigator, went along the west of Africa
Plymouth, MA founded
Founded from Religious separatists on the Mayflower
Holy Mackerel
Like the Cod a Chandelier in the Massachusetts Senate Chambers has brass
fish and a brass pine cone which represent their Fishing and Lumber Industry.
Land
During this time Land was correlated to wealth so many people came to
America to get their own land.
Mills
The mills were Animal and Water Powered but they had no factories to work
with.
Natural Resources
In America there were plenty of Natural Resources but not enough skilled
labor, this meant that finished products were scarce. Iron was plentiful but it had to
be shipped to England.
Southern Colonies
They had very fertile Land that could grow cash crops like tobacco, rice, and
indigo. Georgia was a debtors colony.
Middle Colonies
They were the Breadbasket of the Colonies because of their ability to grow
wheat, corn, rye, barley, and many other foodstuffs. The Dutch and Germans came
bringing skills and farming methods.
N.E. Forests
Trees were plenty and because it was used to make homes and ships this
specific Industry exploded.
N.E. Oceans
Their most important fish was Cod, it was eaten and exported to Europe and
West Indies. Whale oil was used for lamps and lubricants. By 1700 there were over
2000 exclusive fishing boats.
N.E. Shipbuilding
Shipbuilding was one of the only exceptions to manufacturing in the
Americas. Important shipbuilding yards were in Boston, Newport, New York, and
Philadelphia. They had good wages that brought European shipbuilders over to NE.
IN 1775 over 30% of the British Merchant Fleet was American Manufactured. Money
earned in the ship building industry was second only to Tobacco.
Iroquois
Had a Matrilineal family structure. That was the mother daughter relationship
was the most important.
1704 Rice and Molasses added to first acts of Trade and Navigation
1770s Farming
By the late 1700s 90% of people living in America earned their living as
farmers.