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  1. For much of the 17th century, Barbados was a far more powerful economic engine than Virginia or Massachusetts. The English conquest of Jamaica in 1655 set the conditions for an even more economically dynamic model.

  2. 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.

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  4. 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.

  5. capita income after a 17th century boom. The American colonies led Great Britain in purchasing power per capita from 1700, and possibly from 1650, until 1774, even counting slaves in the population.

    • 932KB
    • Peter H. Lindert, Jeffrey G. Williamson
    • 46
    • 2015
  6. Dec 31, 2001 · This study is of the North American colonial economy from the middle of the seventeenth century to the American Revolution, with emphasis on the later years.

  7. Other seventeenth-century Anglo-American economies varied somewhat from these two early models. The Hudson River settlements, founded by the Dutch in 1613 and captured by the English in 1664, early centered on the fur trade but also developed a significant agricultural base.

  8. How did the European colonists respond to the growing diversity among them—by religion, ethnicity, economic status, and country of origin? • How did the colonies’ growth affect Native Americans and enslaved Africans? • How were the inhabitants’ concepts of liberty and rights affected by the colonies’ growth? •

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