Why did New England's industries have slow growth? New England lacked the natural resources for industries. Colonies had little
money to invest in industry. New England's exports were reduced.
2 answers:
Answer:
colonies had little money to invest in industry
Explanation:
Without money to buy things needed things would slow down
The correct answer is: Colonies had little money to invest in industry.
In fact, New England took advantage of its<u> natural resources to help industries grow:</u>
- It used its <u>rivers and streams</u> for waterpower to run machines in factories.
- It had <u>coal and iron deposits</u> close.
- It had <u>several ports</u> to get raw materials and ship finished goods.
Also, the shipping industry based our of New England played an important role in <u>trade between the Middle Colonies and Europe. </u>
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