USA HISTORY

Detailed explanation-1: -New England and the Middle Colonies exported a wide range of products including iron, wheat, livestock, whale oil, fish, and rum, worth about £500, 000 annually.

Detailed explanation-2: -The Pilgrims’ venture in fur trading was very successful during the 1630s. And, while it lasted, the fur trade was essential to the success of Plymouth Colony. But, by 1650, beaver became scarce in eastern New England. sold its land along the Kennebec in the 1660s.

Detailed explanation-3: -The demand for beaver increased rapidly in the early 1600’s, when fashionable European men began to wear felt hats made from beaver fur. Such furs as fox, marten, mink, and otter also were traded. In 1608, the French explorer Samuel de Champlain established a trading post on the site of the present-day city of Quebec.

Detailed explanation-4: -Native Americans traded along the waterways of present-day Minnesota and across the Great Lakes for centuries before the arrival of Europeans in the mid-1600s. For nearly 200 years afterward, European American traders exchanged manufactured goods with Native people for valuable furs.