Initially Georgiaâ??s economy was mainly dependent on the growth and harvesting of rice for most of the 18th century. However, an increased demand for textiles in the north and abroad turned their dominant economy into that of most of the south, cotton.
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The north had an industrial based economy. The south had an agricultural based economy.
The North had an economy based on trade & manufacturing. The South's economy was based on farming. In the West, the economy was just emerging.
commerce, handcrafts and farming
"A resource-based economy, dependant on harvesting or extracting natural resources for sale or trade."
The economy in the New England colonies was based on the forests and the oceans!