In colonial times, the New England colonies had cold climates, a short growing season, and brittle soil, which could grow little crops. Therefore, the colonists has to result to a different method to sustain their economy and turned to fishing, lumber, shipbuilding, and other industrial occupations.
New England's territory was marked by agricultural production in a plantation system: monoculture worked by slave labor on large estates and intended for sale on the European market. There was a distinct settlement logic in this region, in the face of slave labor and agricultural production of tobacco, cotton, rice and indigo (indigo) for Europe.
The primary purpose of the federal deposit insurance corporation is to "protect depositors from the loss". This also inspires confidence in the economy as a whole.
