USA HISTORY

Detailed explanation-1: -Economy. 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-2: -Trade Triangle In spite of their shortcomings, the New Englanders built a thriving mercantile network and a lucrative shipbuilding system. After all, they needed fishing boats, and the regional economy quickly became dependent upon the sort of trade that only ships could produce at the time.

Detailed explanation-3: -Between 1768 and 1772, fish represented 35% of New England’s total export revenue. The second most valuable export commodity, livestock, represented only 20% of this revenue stream. By 1775, an estimated 10, 000 New Englanders, or 8% of the adult male working population, labored in the fishing industry.

Detailed explanation-4: -Because the New England colonies focused on the shipbuilding and fishing industries, they imported agricultural products (farm products) from other colonies and England.