ECONOMICS
TRADE EXCHANGE AND INTERDEPENDENCE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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could not
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must be
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wanted to
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None of the above
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Detailed explanation-1: -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.
Detailed explanation-2: -The New England colonies had rocky soil, which was not suited to plantation farming, so the New England colonies depended on fishing, lumbering, and subsistence farming. The Middle colonies also featured mixed economies, including farming and merchant shipping.
Detailed explanation-3: -In the mid-eighteenth century the island colonies of Bermuda, Barbados, Jamaica, and the four Leeward Islands were the British Empire’s most valuable possessions because of the demand for sugar and its by-products, molasses and rum.
Detailed explanation-4: -Because the colonies were the property of the British Empire, they could trade exclusively with England and British interests.