Take a look at how rapidly the colonies developed over the many years in advance of the successful American revolution. Comments are from An Empire of Wealth: The Epic History of American Economic Power by John Steel Gordon.
One part that is astounding to me is certain geographies were very conducive to a certain type of crop. That is why tobacco, or corn, or cotton, or fishing for cod thrived in certain areas.
Consider: export of tobacco from Virginia to England:
- 1618 – 20,000#
- 1622 – 60,000#
- 1627 – 500,000 #
- 1629 – 1,500,000#
- 1638 – 3,000,000#
let’s look at the annual increase and compound rate of growth:
Continue reading “Rapid economic growth of the American colonies before the revolution.”
