USA HISTORY

Detailed explanation-1: -The Middle Colonies’ economy was built on farming, milling, lumbering, shipbuilding, and production.

Detailed explanation-2: -Economic characteristics of the Colonial Period The New England colonies developed an economy based on shipbuilding, fishing, lumbering, small-scale subsistence farming, and eventually, manufacturing.

Detailed explanation-3: -Shipbuilding is one of the oldest industries in the United States with roots in the earliest colonial settlements. Shipbuilding quickly became a successful and profitable industry in Massachusetts, with its miles of coastline featuring protected harbors and bays, and extensive supplies of raw materials.

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.

Detailed explanation-5: -The Middle Colonies enjoyed a successful and diverse economy. Largely agricultural, farms in this region grew numerous kinds of crops, most notably grains and oats. Logging, shipbuilding, textiles production, and papermaking were also important in the Middle Colonies.