ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Because the New England colonies focused on the shipbuilding and fishing industries, they imported agricultural products (farm products) from other colonies and England.

Detailed explanation-2: -The New England colonies developed an economy based on shipbuilding, fishing, lumbering, small-scale subsistence farming, and eventually, manufacturing. The colonies prospered, reflecting the Puritans’ strong belief in the values of hard work and thrift.

Detailed explanation-3: -Industry in Colonial Delaware included shipbuilding, ironworks, trading and shipping lumber.

Detailed explanation-4: -The economy of the New England Colonies was built around the abundant forests and miles of ocean lining its borders. Shipbuilding, whaling, and fishing were very big industries in the New England Colonies. The long cold winters and overall harsh climate made large scale farming difficult.

Detailed explanation-5: -Within New England, Massachusetts and New Hampshire were the leading producers; Pennsylvania; followed by Virginia and Maryland, launched most of the remaining tonnage. British demand for American natural resources provided a foreign market for colonial shipbuilding.