The Economics of New YorkThe royal colony of New York had access to good farmland which allowed those that lived in New York to have the ability to grow agricultural products. Natural resources such as timber, furs, coal, and iron ore were the main components to be exported to England. AgricultureNew York was also known as the "Bread Basket Colony" due to the fact that the agricultural crops, especially wheat was mass produced. New York had a huge good producing region that consisted of corn, wheat, and livestock. The typical farm also had a house, barn, yard, and field which was about equal to fifty to one hundred fifty acres. ManufacturingAgriculture was not the only reason why New York had a great economy; manufacturing goods played a critical role for the colony. The fundamental of manufacturing goods commenced through iron ore. Due to the natural resource of iron ore, the products that were able to be built were plows, tools, kettles, locks, nails, and large blocks of iron. The iron ore was soon put into greater use to create shipbuilding and most of all ironwork. On the other hand, the textile industry began to flourish with cotton. These manufactured goods were exported to England only because of the Acts of Trade and Navigation.
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