In the first three weeks of the course we will examine American economic and bus

Question

In the first three weeks of the course we will examine American economic and business history up to 1861. Throughout the course we will be looking at the concepts of continuity and change. Your assignment for this paper is as follows ...

Please write a paper that responds to the following:

Following regions considering the time period from 1607 to 1789 ...
* New England (MA, RI, CT, NH)
* Chesapeake (MD, VA)

For your selection, write in response to the following criterion ..

1) If you were a new settler, how would you have assessed on which of the regions to settle in? Consider both economic opportuntiy as well as quuality of life issues.

I'd advise that you consider some of the themes we will be discussing throughout the semester. In particular, keep in mind the types of "capital" that are always in play within any economy ...

* Labor Capital
* Physical Capital (natural resources)
* Intellectual Capital
* Financial Capital

Explanation / Answer

Here is the answer for this question.(AH)

Answer:-

Thetwo regions that have been taken are New England & Chesapeake:

The following are the differences between the two:

New England:

Chesapeake:

Chesapeake & New England in terms of labor capital:

Settlers in Chesapeake & New England:

In Chesapeake it is farmers, sons of gentries, indentured servants etc. whereas in New England it is families, puritans & separatists.

Chesapeake has large fertile land & tobacco plantations. Whereas New England consists of infertile & rocky land. Chesapeake has agriculture as its only industry with tobacco as the only cash crop. Whereas New England is diverse economy with more job specialization, forest products especially timber & fishing.

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