1. Chap 3 Sect 2
Main Idea – A diverse economy in New England & Middle Colonies drives the development of cities
Key Terms – Fall-line, Town Meeting, Selectmen, Meetinghouse, Triangular Trade, Artisan, Entrepreneur, Capitalist, Ben Franklin

2. The Middle Colonies

3. Economy of the Middle Colonies
Cash Crop = Wheat !!!!!
Wheat Boom
Climate in Europe early 1700’s
Population increases in Europe
More people come to America
Supply/Demand
Wheat farmers get wealthier
Leads to rise of Entrepreneurs & Capitalists

4. Getting the Wheat to market
Major cities develop where the rivers empty into the ocean – WHY???
3 major rivers flow through the Middle Colonies
Hudson – New York City
Delaware – Philadelphia
Susquehanna – Cheasapeake Bay
Rivers = highways

6. Landless Tenant Farmers
Middle Colony
Social Structure
Wealthy
Wheat
Farmers
Subsistence (+) Farmers
Landless Tenant Farmers

7. Who is who????? Wealthy Wheat Farmers – Subsistence (+) Farmers –
Wheat Boom leads to …
Entrepreneurs
Capitalists
Subsistence (+) Farmers –
Grew a bit more than they needed
Tenant Farmers –
Work someone else’s land

8. Ben Franklin – Entrepreneur or Capitalist ?
Risks own money to start a business
Capitalist –
Invests in a business
Wants share of the profit

9. New England Colonies

10. A Diverse Economy No one major cash crop Lumber (Fall-line) Whaling
Ships & Furniture
Whaling
Perfume
Lamp Oil
Fishing
Fur
Rum

12. New England Society Small town vs. Plantation Meetinghouse
Town Meetings
Selectmen
Birthplace of
the idea of
Representative
Government in
New World

13. Slaves – relatively few
Urban
Social
Structure
Merchants
Artisans
Unskilled Laborers
Indentured Servant
- Not many
Slaves – relatively few

14. Triangular Trade