Marshaling an enormous array of research data, Margaret Ellen Newell demonstrates that colonial New England's economic development and its leadership role in these two American revolutions were interrelated. After a disastrous depression in 1640, New Englanders aggressively sought out markets overseas and began to develop a nascent manufacturing economy - all with the aid of town and provincial governments, which fostered economic growth through a wide range of promotional programs, culminating in the emission of paper currency. Newell analyzes the colonists' discourse and finds that by the mid-eighteenth century many New Englanders were committed to a vision of a diverse, developed economy that put them on a collision course with English interests and policies.