USA HISTORY

Detailed explanation-1: -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-2: -New England’s economy was largely dependent on the ocean. Fishing (especially codfish) was most important to the New England economy, though whaling, trapping, shipbuilding, and logging were important also.

Detailed explanation-3: -The New England Colonies and Their Economic Industries Due to the poor, rocky soil, farming was not a viable option for the settlers. Instead, they relied on agriculture, fishing, furs, livestock, lumber, shipbuilding, textiles, and whaling.

Detailed explanation-4: -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.