Colonial Virginia was an important part of Great Britain’s economic setup.
It was used as a way to invest money into new land and acquire resources that would be employed in the colony and back home in Great Britain. It was a win-win for the parties involved and a significant investment for the monarch at the time.
Colonial Virginia was located in the South making it unique compared to some of the other locations.
It had access to different resources that were worth investing into and brought back great returns. The colonies in the South included Georgia, North Carolina, South Carolina, and Virginia.
As mentioned, the resources in this Southern colony were unique to it making the exports a dominant economic driver.
These resources included:
4) Indigo (Dye)
5) Farm Products
It was these resources that were used as the heart of the exports and remained in great demand. They were able to bring in a lot of funds with the help of these resources.
It is important to remember, the driving force to accumulate and manage these resources were done on the slave plantations.
At the time, the colonies were working with slaves to drive up production and make more with increasing demand. It was a business decision at the time, and they were able to milk it.
Features of The South
What made exports from this region exquisite and unique?
It had to do with the lay of the land as that was what made it easier to grow resources such as rice, cotton, and lumber. They had access to fertile soil that was easier to manage and promoted growth. The weather was excellent, and that didn’t harm their exports either.
In general, Virginia was described as having good weather, fertile soil, swamps, long rivers, and hilly plains.
Route for Exports
Where were the exports going?
There was a “triangle” when it came to the trades, and all parties were receiving something out of the exchange.
The route included Africa, North America, and Europe.
Africa received textiles and goods, North America received slaves, and Europe received selected resources (sugar, tobacco). It was easy for all parties to benefit except for the slaves.