Why were the colonies valuable to Europe? (Imperialism)

By using colonies as sources of raw materials and markets for manufactured goods, colonial powers held back the colonies from developing industries. One reason why the standard of living was so poor in many of these countries was that the natural wealth of these regions had been funneled to the mother countries.

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Basically, they found goods that had a market in Europe. The English that settled New England found timber that was great for building ships. The English that settled the middle colonies of New York and Pennsylvania found good farmland that was great for growing food that could be sold in Europe.

they were byzantines

roosevelt essentially took the opposite approach as hoover in taking on the great depression. herbert hoover thought that america and its economy could naturally recover from the depression in due course, so he adamantly restrained the federal government from intervening on behalf of the people affected. on the other hand, roosevelt dramatically increased employment by expanding the federal government and establishing agencies that would aid in relieving some of the country's worst problems.