History of North America

How did colonial North Caroline make money?

Agriculture

- The most significant source of income was agriculture.

- Tobacco.

- Rice

- Indigo

- Crops were farmed in large fields and plantations and cultivated by enslaved Africans.

Trade

- Merchants purchased North Carolina goods and then sold them in the Caribbean, Europe or other colonies for profit.

Naval stores

- Tar, pitch, and turpentine were used in shipbuilding.

- North Carolina forests were rich in pine trees, which were the primary source of these natural resins.