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  1. Those interested in learning more about the early American economy might want to start with John J. McCusker and Russell R. Menard, The Economy of British North America, 1607–1789 (revised ed., Omohundro Institute of Early American History and Culture and University of North Carolina Press, 1991), which provides the best overview of economic ...

  2. • Before the creation of the United States, there was no unified colonial economy. • Instead, we should talk about several local economies: 1.Four main economic regions. 2.Coastal settlements vs. interior settlements. • An economic map in 1770 would show America as a fringe between the Atlantic and the Appalachians

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  3. The U.S. Economy: A Brief. History. The modern American economy traces its roots to the quest of European settlers for economic gain in the 16th, 17th, and 18th centuries. The New World then progressed from a marginally successful colonial economy to a small, independent farming economy and, eventually, to a highly complex industrial economy.

  4. The economic history of the United States is about characteristics of and important developments in the economy of the U.S., from the colonial era to the present. The emphasis is on productivity and economic performance and how the economy was affected by new technologies, the change of size in economic sectors and the effects of legislation and government policy.

  5. tiveness back to the seventeenth century. The North and the South began to di-verge as early as the mid-to-late seventeenth century when the formalization of racial slavery, the production of a staple crop (tobacco), and the rise of a nascent plantation sector set the South down a path never followed in temperate colonies in the North.

  6. Oct 19, 2023 · Colonial Trade Routes and Goods. The colonial economy depended on international trade. American ships carried products such as lumber, tobacco, rice, and dried fish to Britain. In turn, the mother country sent textiles, and manufactured goods back to America. Map by National Geographic Society.

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  8. Jun 3, 2021 · In 1700 about 250,000 European colonists and enslaved Africans lived in North America, primarily along a thin strip of land bordering the Atlantic Ocean. By 1870 these scattered colonial settlements had been consolidated into two continental nations – the United States and Canada – with a combined population of more than 40 million.

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