The Southern Colonies were the first successful colony in America. They were short growing seasons with very cold winters and long, harsh winters. Their economy depended on trade, fishing, hunting, whaling, lumbering and trading. Fishing was a very important way to generate income as they had to depend on native fish for their food supply. Fishermen and their products such as lobsters,sharks and shads were so valuable that the Native Americans made it a point to know the availability of the fish each season and prepared their food accordingly. They also traded large amount of their produce like berries and tobacco for larger quantities of fish.
How did the Colonies create money? Trading, especially for timber and salt was very important. Plantations needed trees for fruit and for their fuel; salt being essential for the production of food and medicine. Colonies relied on their Indian neighbors for fables and stories of their travels. These stories became the colony’s history and now form the basis for many of the world’s popular works of fiction.
The colonists relied on each other for clothing, provisions and shelter. The wool and cotton textile industry was the mainstay of the colony. Plantations would plant trees and then harvest the crops for these textile products which would then be sold to the settlers. This is known as the colonial textile industry.
A major industry in the colony was the plantation industry. Plantation workers were paid a wage that was much lower than the wages of the urban workers of the city. They were allowed to live in better conditions because of the nature of the work they performed. Plantations often supplied food to the entire colony; including their own food supplies. Thus, the lower pay and more favorable working conditions were very appealing to the settlers.
The colonies could rely on each other for food and for money. Because of this, the whole operation became very strong. The crops were always sufficient and the cash payments made by the settlers helped to support the operations of the colony. The annual income of the colony greatly exceeds expectations, thanks in large part to the labor of the local population.
Today, the plantation industry still exists in the Southern States. Many farmers have been able to keep their land and protect it from a foreclosure through a practice called “cadastro.” This involves staying in the area and working throughout the year with the help of friends and family. It is an incredibly difficult and demanding process but it is possible to do if you are able to acquire property.
In today’s economic climate, many people are searching for new ways to make themselves financially secure. The southern colonies had both gold and silver mines to draw upon which sustained the economy for generations. The need for food and work outside of the home is therefore no longer a problem. Many people are starting to look at their past and trying to learn from it in hopes of being able to create a similar prosperous future for their family.