Chap 3 Sect 2 Main Idea – A diverse economy in New England & Middle Colonies drives the development of cities Main Idea – A diverse economy in New England.

Chap 3 Sect 2 Chap 3 Sect 2 Main Idea – A diverse economy in Main Idea – A diverse economy in

New England & Middle Colonies New England & Middle Colonies drives the development of citiesdrives the development of cities

Key Terms – Fall-line, Town Key Terms – Fall-line, Town Meeting, Selectmen, Meeting, Selectmen, Meetinghouse, Triangular Trade, Meetinghouse, Triangular Trade, Artisan, Entrepreneur, Capitalist, Artisan, Entrepreneur, Capitalist, Ben FranklinBen Franklin

The Middle ColoniesThe Middle Colonies

Economy of the Middle Economy of the Middle ColoniesColonies

Cash Crop = Wheat !!!!!Cash Crop = Wheat !!!!! Wheat BoomWheat Boom

– Climate in Europe early 1700’sClimate in Europe early 1700’s– Population increases in EuropePopulation increases in Europe– More people come to AmericaMore people come to America– Supply/Demand Supply/Demand – Wheat farmers get wealthierWheat farmers get wealthier– Leads to rise of Entrepreneurs & Leads to rise of Entrepreneurs &

CapitalistsCapitalists

Getting the Wheat to Getting the Wheat to marketmarket

Major cities develop where the rivers Major cities develop where the rivers empty into the ocean – WHY???empty into the ocean – WHY???

3 major rivers flow through the 3 major rivers flow through the Middle ColoniesMiddle Colonies– Hudson – New York CityHudson – New York City– Delaware – PhiladelphiaDelaware – Philadelphia– Susquehanna – Cheasapeake BaySusquehanna – Cheasapeake Bay

Rivers = highwaysRivers = highways

Subsistence (+) Farmers

Landless Tenant Farmers

WealthyWheatFarmers

Middle ColonySocial Structure

Who is who?????Who is who?????Wealthy Wheat Farmers –Wealthy Wheat Farmers –

– Wheat Boom leads to …Wheat Boom leads to … EntrepreneursEntrepreneurs CapitalistsCapitalists

Subsistence (+) FarmersSubsistence (+) Farmers – – – Grew a bit more than they needed Grew a bit more than they needed

Tenant FarmersTenant Farmers – – – Work someone else’s landWork someone else’s land

Ben Franklin – Ben Franklin – Entrepreneur or Capitalist ?Entrepreneur or Capitalist ?

Entrepreneur -Entrepreneur - Risks own Risks own

money to money to start a start a businessbusiness

Capitalist –Capitalist – Invests in a Invests in a

businessbusiness Wants share of the Wants share of the

profitprofit

New England ColoniesNew England Colonies

No one major cash No one major cash cropcrop

Lumber (Fall-line)Lumber (Fall-line)– Ships & FurnitureShips & Furniture

WhalingWhaling– PerfumePerfume– Lamp OilLamp Oil

FishingFishing FurFur RumRum

A Diverse A Diverse EconomyEconomy

New England SocietyNew England Society Small town vs. Small town vs.

PlantationPlantation MeetinghouseMeetinghouse Town MeetingsTown Meetings SelectmenSelectmen Birthplace of Birthplace of

the idea ofthe idea of

Representative Representative

Government in Government in

New WorldNew World

Merchants

Artisans

Unskilled Laborers

Indentured Servant- Not many

Slaves – relatively few

Urban SocialStructure

Triangular Trade