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In 1760, the cities of Philadelphia, New York, and Boston had a population of more than 16,000, which was small by European standards. [34] By 1770, the economic output of the Thirteen Colonies made up forty percent of the gross domestic product of the entire British Empire. [35]
This was the opposite of Europe and attracted immigrants despite the high death rate caused by New World diseases. From 1700 to 1774, the output of the thirteen colonies increased 12-fold, giving the colonies an economy about 30% the size of Britain's at the time of independence. [5]: x-1
The Province of New York thrived during this time, its economy strengthened by Long Island and Hudson Valley agriculture, in conjunction with trade and artisanal activity at the Port of New York; the colony was a breadbasket and lumberyard for the British sugar colonies in the Caribbean. New York's population grew substantially during this ...
The government spent much of its revenue on the Royal Navy, which protected the British colonies and also threatened the colonies of the other empires, sometimes even seizing them. Thus, the British Navy captured New Amsterdam (New York) in 1664. The colonies were captive markets for British industry, and the goal was to enrich the mother ...
Throughout its history, New York has served as a main port of entry for many immigrants, and its cultural and economic influence has made it one of the most important urban areas in the United States and the world. The economy in the 1700s was based on farming, local production, fur trading, and Atlantic jobs like shipbuilding.
In 1665, the Province of New Jersey split from New York; however, the New York-New Jersey Line War continued until the final borders were decided in 1769, and approved by the legislatures and the King in 1772 and 1773 respectively. A Colonial Assembly convened in October 1683, making New York the last colony to have an assembly.
The currency of the American colonies, 1700–1764: a study in colonial finance and imperial relations. Dissertations in American economic history. New York: Arno Press, 1975. ISBN 0-405-07257-0. Ernst, Joseph Albert. Money and politics in America, 1755–1775: a study in the Currency act of 1764 and the political economy of revolution. Chapel ...
[50] [20] The claim was an extension of Connecticut's northernmost and southernmost borders westward, skipping New Jersey and New York, though as Connecticut's northern border was a few miles north of Pennsylvania's northern border, a small sliver of New York was also claimed. While conflict would continue for some time, this was the end of the ...