Economically, Puritan New England fulfilled the expectations of its founders. The Puritan economy was based on the efforts of self-supporting farmsteads that traded only for goods which they could not produce themselves, unlike the cash crop-oriented plantations of the Chesapeake region. There was a generally higher economic standing and standard of living in New England than in the Chesapeake. New England became an important mercantile and shipbuilding center, along with agriculture, fishing, and logging, serving as the hub for trading between the southern colonies and Europe.