How Did the Pennsylvania Colony Make Money
The Pennsylvania Colony, founded in 1681 by William Penn, was established as a proprietary colony with the goal of creating a profitable venture fo...
The Pennsylvania Colony, founded in 1681 by William Penn, was established as a proprietary colony with the goal of creating a profitable venture for its investors. There were several ways in which the colony generated revenue and became financially successful. 1. Agriculture: Agriculture was the mainstay of the Pennsylvania Colony's economy. The fertile soil and favorable climate allowed for the cultivation of crops such as wheat, corn, barley, and rye. The colony became known as the 'breadbasket of the colonies' due to its abundant grain production, which was exported to other colonies and Europe.