The land and the climate in the New England colonies was typically not suitable for large scale farming like the South was, but small subsistence farms were frequently found on the frontier. Fishing and lumbering were two major industries in the north and large ports in the New England colonies made it a trade hub.
NEW ANSWER:Some of the activities that made up the economy in early America, as far as the colonies, included:NEW ENGLAND COLONIES ~ depended on such things as fishing, lumber, and whaling.MIDDLE COLONIES ~ depended on agriculture (mostly the production of wheat), and shipping and trade.SOUTHERN COLONIES ~ depended on trade and agriculture (mostly tobacco and cotton).Other examples of other economic things that benefited the colonies included:Taverns; Sawmills; Distilleries; Paper Mills; Book Shops; Blacksmiths; and Gristmills.
The New England Colonies economy was based on items they could export. Farming, fishing, and building ships were all exportable and important to their economy.
The New England colonies relied on fishing to make a living. They also relied on the help from the Native Americans in the area.
It would be fishing, whaling, and sea trade.
shipbuilding, fishing, triangular trade, and most importantly whaling.
In the 17th Century, New England's economy was just getting started. There were several companies that sent men and women to New England to work in the logging industry in the late 1500's. Many of the men did not do the work they were asked to do, so the companies did not prosper at first.
The Navigation Acts required the colonies to trade only with England.
The Navigation Acts required the colonies to trade only with England.
The Navigation Acts required the colonies to trade only with England.
The New England colonies had rocky soil and a short growing season, so their economy relied on fishing, shipbuilding, and trade. The Middle colonies had better farming land, leading to a more diverse economy of farming, trade, and manufacturing. The Southern colonies had fertile soil and a warm climate, making agriculture, especially cash crops like tobacco and cotton, the main source of income.
New England Colonies Their economy was based on fishing, farming, and shipbuilding.A bonus answer is that their farming soil was rocky, and hard but not that bad.
APEX~ only a small part of the land was good for farming ;) The economy of New England was based on commerce because only a small part of the land was good for farming. New Englanders started to trade with the West Indies while developing fishing, small manufacturing, and shipbuilding.