USA HISTORY

Detailed explanation-1: -For much of the 1600s, the American colonies operated as agricultural economies, driven largely by indentured servitude.

Detailed explanation-2: -As a carryover from English practice, indentured servants were the original standard for forced labor in New England and middle colonies like Pennsylvania and Delaware. These indentured servants were people voluntarily working off debts, usually signing a contract to perform slave-level labor for four to seven years.

Detailed explanation-3: -These companies pursued the economic opportunities afforded by the natural resources abundant in this “New World.” The economy in the colonies, which varied regionally, was mostly centered around agriculture and exporting materials back to England.

Detailed explanation-4: -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-5: -After enslaved Native American laborers began to die due to exposure to disease, European powers began purchasing enslaved Africans, who became their primary labor source.