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The Connecticut economy began with subsistence farming in the 17th century, and developed with greater diversity and an increased focus on production for distant markets, especially the British colonies in the Caribbean.
Presentation U.S. History Primary Source Timeline Colonial Settlement, 1600s - 1763 Overview When the London Company sent out its first expedition to begin colonizing Virginia on December 20, 1606, it was by no means the first European attempt to exploit North America.
Summary. The economy of territory that became the United States evolved dramatically from ca. 1000 ce to 1776. Before Europeans arrived, the spread of maize agriculture shifted economic practices in Indigenous communities.
By the late 17th century, Virginia's export economy was largely based on tobacco, and new, richer settlers came in to take up large portions of land, build large plantations and import indentured servants and slaves. In 1676, Bacon's Rebellion occurred, but was suppressed by royal officials.
- United States
The principles of a competitive marketplace with little government interference were adopted by the new United States and dominated the nation's economic policy for more than a century. During the late 1700s Britain and the newly formed United States underwent a major social and economic change from agriculture to industry.
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.
Overview. Europeans colonize North America in the early seventeenth century, motivated by religious and economic goals.
