Which of the following best describes the economic differences between the New England and Chesapeake colonies in the 17th century?
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Correct answer: New England had a mixed fishing and trade economy; the Chesapeake relied on single-crop plantations.
New England's rocky soil and cold climate prevented large-scale farming, leading to an economy based on trade, lumber, and fishing. In contrast, the fertile soil of the Chesapeake allowed for a tobacco-based economy that required massive amounts of land and labor.
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