Question

Which option most accurately compares the economic systems of the Massachusetts and Virginia colonies

Answer 1

1. The Virginia colony was more successful in agriculture because of its rich soil.

The economy of Virginia was mainly based on tobacco.The plantation owners had to buy slaves to work in the fields,so the slave industry in Virginia was an enormous factor.The plantation owners were very rich,elite category and pretty much ran the politics.Virginia had a very small middle class and they had barely had any say in elections.The poor consisted of 80% of population and were not allowed to vote.One drought and Virginia economy will struggle.

2...Massachusetts economy was much more stable because it did not only rely on one form of income.There were many harbours in Massachusetts and so professions included blacksmiths,clothing makers,merchants and sailors.There was also a much more cash flow in Massachusetts because of much larger middle class who won't flaunt their wealth as they were Puritans who believed showing off wealth was temptation and it was sin.