answersLogoWhite

0

Agriculture was the main source of wealth for colonial Virginia. Specifically, tobacco was the most profitable product at the time.

User Avatar

Wiki User

11y ago

What else can I help you with?

Continue Learning about Economics

What did Virginia depend on as a primary source of wealth?

Her VA-GEE-GEE..:)


What is the source of economic wealth in colonial Virginia?

Farming. Tobacco was one of the principle crops.


What did the economy of Virginia depend on as its primary source of wealth?

The economy of Virginia primarily depended on agriculture, particularly the cultivation of tobacco, which became its main cash crop in the colonial period. The fertile soil and favorable climate allowed for large-scale plantations, which relied heavily on enslaved labor. This agricultural focus not only generated significant wealth for landowners but also shaped the social and economic structures of the region. Other crops, such as wheat and corn, were also important, but tobacco remained the cornerstone of Virginia's economy.


What was the primary source of wealth for the physiocrats?

The primary source of wealth for the physiocrats was agriculture. They believed that land and agricultural production were the foundation of a nation's wealth and that the value derived from farming was superior to that of manufacturing or trade. The physiocrats argued that only agricultural activities could generate a net product, which they considered essential for economic prosperity. Their emphasis on natural order and laissez-faire principles also highlighted the importance of minimal government intervention in economic affairs.


What do you understand by the drain of wealth from India during colonial rule?

all the money was wasted in the war.

Related Questions

What was the source of economic wealth in colonial Virginia?

One of the largest sources was tobacco.


What did Virginia depend on as a primary source of wealth?

Her VA-GEE-GEE..:)


What is the source of economic wealth in colonial Virginia?

Farming. Tobacco was one of the principle crops.


What did the economy of Virginia depend on as its primary source of wealth?

The economy of Virginia primarily depended on agriculture, particularly the cultivation of tobacco, which became its main cash crop in the colonial period. The fertile soil and favorable climate allowed for large-scale plantations, which relied heavily on enslaved labor. This agricultural focus not only generated significant wealth for landowners but also shaped the social and economic structures of the region. Other crops, such as wheat and corn, were also important, but tobacco remained the cornerstone of Virginia's economy.


The region at which location beacme a source of great wealth for Spain during the colonial period?

During the colonial period, Spain extracted enormous wealth in the form of gold, silver and new crops from the Americas.


What effects did Virginia's stinking weed have on the growth of the colony?

Virginia's stinking weed was a primary cash crop for the colony. It saw the population and wealth of the colony explode.


How did the terrain of Ancient Greece effect its History?

They couldn't farm well, so fishing became a primary source of food and wealth.


What is The major source of wealth exploited by the Spaniards in the Americas?

The major source of wealth exploited by the Spaniards in the Americas was silver. Spain extracted vast amounts of silver from mines in places like Mexico, Bolivia, and Peru, which significantly enriched the Spanish Empire during the colonial period.


What effects did virginias stinking weed have on the growth of the colony?

Virginia's stinking weed was a primary cash crop for the colony. It saw the population and wealth of the colony explode.


What was the basic foundation for colonial society?

The basic foundation for colonial society was built on agriculture, with land serving as the primary source of wealth and social status. Many colonies relied on cash crops like tobacco, rice, and indigo, which drove the economy and led to the establishment of plantation systems, particularly in the South. Additionally, the labor force often included enslaved Africans, whose forced labor was integral to the colonies' economic success. Social hierarchies emerged based on land ownership, wealth, and race, shaping the cultural and political dynamics of colonial life.


What was the primary source of wealth for the physiocrats?

The primary source of wealth for the physiocrats was agriculture. They believed that land and agricultural production were the foundation of a nation's wealth and that the value derived from farming was superior to that of manufacturing or trade. The physiocrats argued that only agricultural activities could generate a net product, which they considered essential for economic prosperity. Their emphasis on natural order and laissez-faire principles also highlighted the importance of minimal government intervention in economic affairs.


What colleges in Virginia offer a degree in photography?

Virginia common wealth university