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Trade between Native Americans and Europeans had a big impact on colonial economies in several important ways:
Fur Trade: By the late 1600s, the fur trade became super important. It was worth about $10 million each year, and most of that fur was sent to Europe.
Farming Products: European settlers started to grow Native crops like corn and potatoes. This changed farming for the better. For example, growing maize helped more food to be produced—sometimes doubling the amount in some colonies.
Market Growth: The trading of goods like tobacco and sugar helped the economy grow. By the 1700s, tobacco exports were around $1.5 million!
These exchanges between Native Americans and Europeans helped shape the way the colonies' economies worked.
Trade between Native Americans and Europeans had a big impact on colonial economies in several important ways:
Fur Trade: By the late 1600s, the fur trade became super important. It was worth about $10 million each year, and most of that fur was sent to Europe.
Farming Products: European settlers started to grow Native crops like corn and potatoes. This changed farming for the better. For example, growing maize helped more food to be produced—sometimes doubling the amount in some colonies.
Market Growth: The trading of goods like tobacco and sugar helped the economy grow. By the 1700s, tobacco exports were around $1.5 million!
These exchanges between Native Americans and Europeans helped shape the way the colonies' economies worked.