Unit 4 Colonial Life Lesson 7 The Colonial

Unit 4: Colonial Life Lesson 7: The Colonial Economy

Raw Materials The Colonies Britain Manufactured Goods Navigation Acts

Every society has RESOURCES. NATURAL RESOURCES HUMAN RESOURCES which are used to produce GOODS and SERVICES CAPITAL RESOURCES

Economic Activity Fishing in New England Wheat Farming in the Middle Colonies Tobacco Growing on a Plantation in Virginia Natural Resources Human Resources Capital Resources

Economic Activity Fishing in New England Wheat Farming in the Middle Colonies Natural Resources Capital Resources • fisherman • boats • water • shipbuilders • nets • bait • barrel makers • barrels • good soil • farmers • water • millers • seeds • blacksmith • good soil Tobacco Growing on a Plantation in Virginia Human Resources • water • seeds • lots of land • warm climate • plows • wagons • sacks • farm tools • enslaved people • drying barns • plantation owners • wagons • indentured servants • farm tools • tobacco cutters

LIMITED RESOURCES UNLIMITED WANTS SCARCITY SPECIALIZATION

Examples of Specialization Fishing in New England Wheat Farming in the Middle Colonies Tobacco Growing on a Plantation in Virginia

LIMITED RESOURCES UNLIMITED WANTS SCARCITY SPECIALIZATION TRADE

Mystery Source Just Imported from LONDON And to be sold by JOHN GREENHOW, at his Store near the Church in Williamsburg for ready money only

white calico cloth linens blue cotton handkerchiefs, blue handkerchiefs, red blankets of all sorts and sizes wool cloaks ready made shirts fine men’s stockings, blue fashionable men’s and boy’s hats low priced hats fine night caps feathers for ladies hats blue feathers latest fashion aprons, plain steel scissors laces of all Kinds shirt and waist coat buttons a fancy assortment of paper boxes baskets smoothing irons fine needles and pins needle cases silver thimbles sugar, refined cinnamon, cloves, and nutmegs brown sugar candy white sugar candy fine chocolate licorice horn combs all sorts of wedding fans candlesticks brass desk furniture candles toys of various sorts whistles for children a variety of children's books various other books and stationary slates and pencils paper of all sorts and sizes playing cards pencils sealing wax brooms most sorts of nails files of all sorts and sizes chisels wire pewter plates and dishes mugs iron kettles polishing powders crates of earthenware large, noble and rich Chinese bowls coffee oats coarse salt in bags sponges glass bottle corks soap tools of almost every occupation garden tools window glass of all sizes looking glasses of all sizes

Colonial Exports New England Colonies New Hampshire Cattle, lumber, fish, and fur Rhode Island Cattle, corn, lumber, and ships Massachusetts Fish, whale products, fur, timber products, metals and metal products, raw wool, and ships Connecticut Flour, dried meat, fish, rum

Colonial Exports Middle Colonies New York Fur, timber, foodstuff, cattle, horses, beer, fine flour, flax, and iron bars New Jersey Cattle, flax, Indian com, wheat, and flour Pennsylvania Foodstuff, wheat, corn, apples, dairy cattle, glass, wine, beer, rope, and bricks Delaware Furs, tobacco, meat, grain, flour, bread, barrel staves, lumber, horses, cloth, and iron

Colonial Exports Southern Colonies Maryland Flax, corn, tobacco, fruit, vegetables, fish, iron, lumber, clay, bricks, beaver, and ships Virginia Wheat, flax, tobacco, corn, and iron North Carolina Tobacco, wheat, corn, forest products (tar, pitch, lumber), barrel staves, furs, metals, and for a time even exotic birds South Carolina Rice, indigo, beef, silkworms, cotton, lumber, some tobacco, grapes, wine, olives, raisins, capers, and currents Georgia Rice, clay, pottery, cotton, indigo, tobacco, fruit, barrel staves, and pork

raw materials such as trees The Colonies England manufactured goods such as furniture and barrels

Mercantilism • The colonies were supposed to supply raw materials for England also provide a market for English goods. • Like many European nations at the time, England believed that its colonies should benefit the home country. England hoped to grow wealthy by exporting manufactured goods to the colonies. • This system actively discouraged the growth of American manufacturing.

Year 1699 Act Declared that wool produced in The Wool Act the colonies could only be exported to Britain Possible Impact on the Colonies

Year 1699 Act Possible Impact on the Colonies Declared that wool produced in The Colonies could not make money by exporting wool to countries other The Wool Act the colonies could only be exported to Britain than Britain.

Year 1699 1732 Act Possible Impact on the Colonies Declared that wool produced in The Colonies could not make money by exporting wool to countries other The Wool Act the colonies could only be exported to Britain than Britain. The Hat Act Declared that hats made in the colonies could not be exported.

Year 1699 1732 Act Possible Impact on the Colonies Declared that wool produced in The Colonies could not make money by exporting wool to countries other The Wool Act the colonies could only be exported to Britain than Britain. The Hat Act Declared that hats made in the The Colonies could not make money colonies could not be exported. by selling hats to other countries.

Year 1699 1732 1733 Act Possible Impact on the Colonies Declared that wool produced in The Colonies could not make money by exporting wool to countries other The Wool Act the colonies could only be exported to Britain than Britain. The Hat Act Declared that hats made in the The Colonies could not make money colonies could not be exported. by selling hats to other countries. Put a high tax on all molasses, The Molasses rum and sugar which the Act colonies imported from countries other than Britain

Year 1699 1732 1733 Act Possible Impact on the Colonies Declared that wool produced in The Colonies could not make money by exporting wool to countries other The Wool Act the colonies could only be exported to Britain than Britain. The Hat Act Declared that hats made in the The Colonies could not make money colonies could not be exported. by selling hats to other countries. It would make it more expensive to Put a high tax on all molasses, buy molasses, rum and sugar from The Molasses rum and sugar which the any place except Britain. This would Act colonies imported from be a problem because the Colonies countries other than Britain traded areas of the West Indies for these products.

Year 1699 1732 1733 1750 Act Possible Impact on the Colonies Declared that wool produced in The Colonies could not make money by exporting wool to countries other The Wool Act the colonies could only be exported to Britain than Britain. The Hat Act Declared that hats made in the The Colonies could not make money colonies could not be exported. by selling hats to other countries. It would make it more expensive to Put a high tax on all molasses, buy molasses, rum and sugar from The Molasses rum and sugar which the any place except Britain. This would Act colonies imported from be a problem because the Colonies countries other than Britain traded areas of the West Indies for these products. Declared that no new furnaces which produced steel for tools The Iron Act could be built in the colonies. It also banned the manufacture of hardware in the colonies.

Year 1699 1732 1733 1750 Act Possible Impact on the Colonies Declared that wool produced in The Colonies could not make money by exporting wool to countries other The Wool Act the colonies could only be exported to Britain than Britain. The Hat Act Declared that hats made in the The Colonies could not make money colonies could not be exported. by selling hats to other countries. It would make it more expensive to Put a high tax on all molasses, buy molasses, rum and sugar from The Molasses rum and sugar which the any place except Britain. This would Act colonies imported from be a problem because the Colonies countries other than Britain traded areas of the West Indies for these products. Declared that no new furnaces which produced steel for tools This would seriously limit the ability of The Iron Act could be built in the colonies. It the Colonies to make manufactured also banned the manufacture goods. of hardware in the colonies.

Navigation Acts The Navigation Acts were passed by Parliament. They affected a lot of people in the colonies, especially merchants. When? The Navigation Acts were a series of laws that regulated trade between England its colonies. Under these laws, only colonial or English ships could carry goods to and from the colonies. The laws also listed certain products like tobacco and cotton that colonial merchants could ship only to England. Parliament began to pass these acts in the 1650 s. This continued into the 1700 s. Why? Who? What? England passed these laws to ensure that only England benefited from colonial trade, not any other countries.

Colonial Balance of Trade Exports Imports Unfavorable Balance of Trade