United States

How much of the world's iron supply did America produce by the late colonial period?

Most settlers in every colony were small farmers, though other industries were formed. Cash crops included tobacco, cotton, rice, and wheat. Extraction industries grew up in furs, fishing and lumber. Manufacturers produced rum and ships, and by the late colonial period, Americans were producing one-seventh of the world's iron supply. Cities eventually dotted the coast to support local economies and serve as trade hubs. English colonists were supplemented by waves of Scotch-Irish immigrants and other groups. As coastal land grew more expensive, freed indentured servants claimed lands further west.


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