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Which statement describes the dominant feature of the 18th century New England economy?

What was the dominant feature of the eighteenth-century New England economy? A) It was an agriculture-based economy, with large farms producing most of the marketable goods.

Which group dominated New England's commercial economy?

4. Merchants, the largest and most successful of whom lived in Boston, dominated New England commerce; by 1770, the richest 5 percent of Bostonians owned half of the cities wealth.

How was geography important to the New England economy?

Because the soil was rocky and the climate was often harsh, colonists in New England only farmed enough to feed their families. Some of these crops included corn, beans, and squash. The New England colonies, however, were full of forests, giving the colonists the important natural resource of trees.

What was the main reason for the founding of the New England?

The New England colonies were founded to escape religious persecution in England. The Middle colonies, like Delaware, New York, and New Jersey, were founded as trade centers, while Pennsylvania was founded as a safe haven for Quakers.