Philadelphia was a metropolis, largest English-speaking colony

Colonization

-To flee power they didn’t agree with

-To bring wealth into an empire

-Natural resources and raw materials

-Gold + silver (bullion)

-Religion (puritans)

-Land

Core – Dominant states and regions in an evolving economy designated by their

subordinates. They are key developers of technology, capital, and manufactured
goods. There are also militarily dominant. Extract wealth through trade with
peripheral states/regions.

Periphery

Subordinate states and regions, designated by their relative weakness. They are
usually exporters of raw materials and importers of technology, capital, and
manufactured goods.

Economy:

Charters

Merchants

Joint Stock Companies

Growth vs. Development

Growth – extensive shifts in production – spread of existing systems without

substantial organizational shifts, innovation

Development – Growth and innovation – lead to diversification in economic activity,

structure, organization, infrastructure, technology etc

Slaves – bring wealth to the south