Only fifty of the Mayflower colonists have…

Only fifty of the Mayflower colonists have survived the winter.

In order to set up a thriving colony, settlers in the New World need the five factors of production that contribute to the creation of wealth: land (natural resources), labor, capital, entrepreneurship and knowledge.

Often, trading with natives results in colonists gaining needed knowledge and natural resources.

Examples of this can be seen in the English settlements of Plymouth Bay and Jamestown.

Chief Massasoit, a Wampanoag, and Squanto, a Patuxet, help the Pilgrims of Plymouth Bay establish their colony by teaching them skills in cultivating this land and hunting.

In return for weapons and tools, these Native Americans provide the colonists with important natural resources, including food.

In 1621 Chief Massasoit establishes one of the earliest trading pacts between Europeans and native Americans by signing a treaty with Plymouth Colony to engage in peaceful trade.