Question:

How did the colonial economy differ in the north and south?

Answer:

The American colonial economy was export-driven,although by far the largest share of output was consumed internally.English merchant-capitalists financed the settlement of American colonies, hoping that they would gain profits from their investments.


Tags:
American
American
Political economy
Capitalism
Economic liberalism
Individualism
Colonial history of the United States
Economics
Sociology
Economic history of the United Kingdom
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