Colonial Economies
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Due to a differing geography, each one of the different colonial regions specialized in different economic products:
Because the colonies were part of the mother country, England, they were part of an economic theory called Mercantilism. Mercantilism forms into what is known as Triangular trade, which involves not only the trading of goods across the Atlantic Ocean, but also the beginning of slave trade in the colonies known as the Transatlantic Slave Trade. |