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The Colonial Economy
Beginning of essay
One economic historian describes the situation in South Carolina in this way: "Rice and indigo transformed the Carolina Low Country in much the same way that sugar had led to basic changes in the West Indies. White workers would not willingly endure the hard and disagreeable labor involved in the p ....
Middle of essay
....eloped an economy based on the export and imports between themselves and Europe and the Caribbean. New York ultimately became the center of this commerce.In the late colonial period, while the other regions ran trade deficits, the South ran a trade surplus. Unlike the other regions, both the South's export and import trade was heavily dominted by trade with Great Britain.
The colonial elite: an educated class of men, could and did read Adam Smith's Wealth of Nations (1776), in which Smith both p.... |
| Number of words: 3290 |
Approximate pages: 12 |
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