american economy history Archive

American Economy

Plymouth’s economy was limited by its geographic location. The lack of good port facilities limited trade. Additionally, Plymouth’s settlers lacked the necessary capital and contacts with English commercial circles to expand their economy. The Plymouth economy was influenced by the sea. Fish and whale

American Economy

Colonial cities set up markets for the exchange of manufactured goods from Europe and produce from rural and frontier settlements in the New World. By 1690, all of the cities had regular markets that they held on a particular day each week at a