History of Europe

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What was the economy of New England colonies based on?

Fishing and shipbuilding: The New England colonies had access to abundant fish resources, such as cod, haddock, and mackerel. They developed a thriving fishing industry, and many towns were established as centers for fishing and shipbuilding.

Trade: The New England colonies engaged in trade with other English colonies, the Caribbean, and Europe. They exported fish, lumber, and other goods, and imported manufactured goods, such as textiles and tools.

Farming: The New England colonies also had a strong agricultural economy. The colonists grew a variety of crops, including corn, wheat, and vegetables. They also raised livestock, such as cattle, pigs, and sheep.

Manufacturing: The New England colonies developed a variety of manufacturing industries, including textile mills, iron foundries, and shipbuilding yards. These industries helped to meet the needs of the growing population of the colonies.

Overall, the economy of the New England colonies was based on a combination of fishing, shipbuilding, trade, farming, and manufacturing.

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