Built on Agriculture Cash Crops Crops grown to sell at market $$$$$$$$ How do you make a lot of $$$$$$? Plantations Large commercial estates used to harvest a vast amount of cash crops.
The demand for tobacco in Europe skyrocketed. Demand > Supply What does that do to the price of tobacco? $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ Tobacco farms were located near rivers. Why? Easier to transport.
What was an indentured servant? A person that would work for someone that paid their way to the New World. Also gave them food, housing and clothing. Sign 4yr contracts – sometimes longer. They could produce 5 times the contract cost in the first year.
Sugarcane – failed Rice – failed (at first) Became a successful crop with the help of West Africans from the Caribbean. Indigo – used to make blue dye for cloth.
Bacon’s Rebellion – backcountry farmers were having to fight the Native Americans to keep their land. These farmers were important to Virginia, $ This accelerated the use of slaves.
5% (500,000) of all slavery occurred in the Colonies. 10-12 million slaves were sent to America. 2 million died at sea. Slave ship captains would purchase slaves from Africa. 1619 first slaves arrived.
Slave Code – distinguished a difference between slaves and free people in Virginia.
New England colonies economy was very diverse. Fishing, whaling, shipbuilding, trade, sawmills, small farms.
Difficult to farm – rocky soil. Subsistence farming – growing enough food for themselves. Corn was the crop of choice – short growing season, and could grow in bad soil. Also raised pigs.
Triangular Trade Trade between New England, Caribbean and England. Caribbean goods to New England Those goods would be sold to England English goods to New England
Fishing and whaling were a success because of the Grand Banks – shallows of the Atlantic Ocean where warm and cold water converged = great fishing (plankton) bills of exchange were used like money.
Sawmills were powered by waterfalls along the Fall Line – area where rivers dropped in elevation.
Town meetings started to take place. Discuss local problems and issues. Open to free men only. Started creating laws. Selectmen – elected annually to manage the towns affairs.
Wealthiest were the merchants – those that controlled the cities trade. Artisans – those that were skilled workers. Made up half of the colonial population.
Name some problems with large cities: Overcrowding Crime Pollution diseases
Most fertile land of all the colonies. Wheat was grown here and was in huge demand in England = $$$ Entrepreneurs became wealthy. These people would buy land and equipment and sell it new immigrants. Risked their own $. Capitalists – people who would invest there money in new business. Quiz on 3-2