Asked by
Brian Dawson
on Oct 31, 2024
Verified
Why was diversification especially necessary in the Chesapeake colonies?
A) It provided additional ways to use slaves.
B) Colonists were growing tired of plantation life.
C) Tobacco prices dropped.
D) .The area was unable to support a livestock economy.
Diversification
The strategy of investing in a variety of assets to reduce the overall risk of an investment portfolio or to expand into multiple business sectors.
Tobacco Prices
Refers to the cost of tobacco products, which can fluctuate based on factors like taxes, production costs, and market demand.
- Comprehend the socioeconomic consequences of colonization and commerce in North America during the 18th century.
- Comprehend the impact of domestic and international trade on the evolution of colonial societies.
Verified Answer
GT
Learning Objectives
- Comprehend the socioeconomic consequences of colonization and commerce in North America during the 18th century.
- Comprehend the impact of domestic and international trade on the evolution of colonial societies.
Related questions
________________ Provided an Informal Setting for Colonial Men to Conduct ...
During the Early Part of the 18 th Century, Immigrants Had ...
Illinois Colonists Contributed to the Growing Diversity of Colonial Trade ...
What Was One Result of the Problems in Louisiana During ...
In What Way Did American Cities Change During the 18 th ...