How did massachusetts make money economy?

Massachusetts' early colonial economy was based primarily on agriculture. The steady flow of English immigrants allowed Massachusetts' first farmers to make a profit for about a decade growing corn and raising cattle.

How did massachusetts make money economy?

Massachusetts' early colonial economy was based primarily on agriculture. The steady flow of English immigrants allowed Massachusetts' first farmers to make a profit for about a decade growing corn and raising cattle. Massachusetts' current economy is largely based on technological research and development and the service sector (including tourism). This represents an important change from the state's pre-industrial agricultural base and maritime trade in the 17th and 18th centuries and the heavy manufacturing that characterized the 19th and first half of the 20th centuries.

To make a profit, settlers in Massachusetts had to develop a diverse economy. Some developed small necessary industries, working as tanners, loaders, metallurgists and merchants. However, most of them looked out to sea. Plymouth Colony's economy was based on agriculture, fishing, whaling, wood and skin.

In cities along the coast, settlers earned their living fishing, whaling and building boats. Whale oil was a valuable resource, since it could be used in lamps. Greenhouse and nursery products (flowers, ornamental shrubs) are the main source of agricultural income in Massachusetts. These products generate 35% of the state's total agricultural income.

Other important crops include sweet corn and apples. Fishing alone was not very profitable, but fishing required boats and a shipbuilding industry quickly emerged, supported by Massachusetts's abundant supplies of wood, tar and tar. However, by the late 1970s, the industry had returned; Massachusetts is now often listed as one of the top U. The Massachusetts colony was one of 13 original colonies located on the Atlantic coast of North America.

The Massachusetts Colony article provides important information and interesting facts at a glance through the quick Data File on the Colony of Massachusetts, including the date the colony was established, geography, history, the system of government, religion, trade and economic activities in the Colony from Massachusetts. Massachusetts merchants built and purchased ships that transported goods and natural resources across the Atlantic, and employed dozens of settlers on each ship. One of the first and largest shoe plants in the United States was the United Shoe Machinery Corporation in Beverly (built 1903-0), while the construction of the Springfield Armory in 1777 boosted the industry in Western Massachusetts while helping the revolutionary cause. Quick facts and interesting information about the foundation, establishment, geography, climate, religion, history, natural resources, raw materials, industries (see Colonial Times) and famous historical figures associated with the Colonial America Massachusetts Colony.

The second was Massachusetts Bay, which was established in 1629 by a group of Puritans to whom British King Charles I. Eventually, the Plymouth Colony never achieved the level of economic success enjoyed by its neighbor, the Massachusetts Bay Colony, and eventually merged with the Massachusetts Bay Colony in 1691 and became a royal colony known as the Massachusetts Bay Province. Historical facts provide the names of important individuals associated with the founding and establishment of the Massachusetts Colony. A steam railway connected Springfield and Worcester in 1839, and 15 systems transported cargo between cities in western Massachusetts by 1855.The Massachusetts commercial fishing industry offers a wide range of products including cod, flounder, haddock, lobster, sea bass, whiting, clams, crabs, hake, herring, pollock, squid, swordfish and tuna.

Community, business and personal services (private health care, private schools, law firms, computer programming and network services, engineering companies) are the most important service sector in Massachusetts. .