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What was the economy of colonial New York?


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Answered 2015-06-21 23:32:19

The early economy of New York was based on trade oriented primarily towards the West Indies. The primary exports were wheat, breads and flour. These were produced from small farms in New York, New Jersey and Connecticut.

These products were needed in the hot tropical areas of the West Indies. As New York grew, there was a continuation of the Dutch fur trade and eventually as the city and "colony" grew, so did its economic power. The port of NY was ideal and offered better access to the Atlantic Ocean. Before long, more farm products, light manufacturing, finance, publishing and hand crafts emerged as an important part of New York's economy.

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