Category: Economy

Economy in Massachusetts

The economy in Massachusetts was very unstable. People in the rural and newly settled areas of central and wester Massachusetts were mostly effected. Massachusetts had a different solution to the economic crisis than many other state legislatures. Most other states…

History of a Connecticut Economy

During the American Revolution, the United States was striving for its independence as a country, while in a parallel evolution the colony of Connecticut was enduring the adjustments required for statehood.  Likewise, independence for both the country and the state…

Pennsylvania Economy

After the Revolutionary War, Pennsylvania suffered economic losses. Both the British and the Continental Army raided parts of the state like South Eastern Pennsylvania during the war. Even without receiving payment to make up for the loss of property, Pennsylvania…

The Economy of South Carolina

At the end of the Revolution, South Carolina lost many slaves and skilled Loyalist workers, causing an economic upset. They were able to combat this, however, due to the domination of a plantation-based economy that characterized the eighteenth century and would…

The Delaware Economy

The economy of colonial Delaware relied heavily on industry, commerce and labor. It all started when the first Dutch settlers traded with the nearby Indian tribes at Wilmington, and established a market for pelts gathered by the tribes of Minquas,…

Maryland’s Economy

  Following the War of Independence, Maryland was threatened with bankruptcy. The majority of the State’s money had been spent on the war. Also, the issuing of large amounts of paper money created a significant economic inflation for Maryland. Since…

Currency in the Georgian Economy

In the 1780’s, $1,000 dollars worth of Georgian paper currency was only worth $1 in specie. This was until November 13, 1786, when all paper money was considered unredeemable. Georgian currency had the phrase “Pro bono publico”, meaning “For the good of the public”, printed on it, which came from their state constitution. They printed bills in denominations of 6 dollars, 1 shilling, 6 dollars and 2 shillings, 5 shillings, 10 shillings, and 20 shillings. The three higher denominations required three government signatures, and the lower three only required two.

http://www.coins.nd.edu/ColCurrency/CurrencyText/GA-10-16-86.html

North Carolina Economy

North Carolina, with its lush forests and vast amount of farmable land was a very productive state for the most part throughout the 1780s. The clearest source of income for North Carolina laid in its naval stores; pitch, tar, and…

New Hampshire Economy

Davis Tailer Decade of Decisions: 1780’s 10/30/12 Dr. Strom New Hampshire’s Economy in the 1780’s Historians use tax records, clerks’ records, and proprietors’ records to understand the economy of colonial times along with the state of New Hampshire since many…