William Phips was born on February 2, 1651 in the then remote trading village of Woolwich, Maine. Though most historical accounts, including Cotton Mather's biography, traditionally viewed Phips' upbringing as socially disadvantaged, there is now evidence that his family was moderately prosperous. Phips' father co-owned and operated a trading post plantation involved in the trade of fur and weapons between local Wabanaki Indians and English settlers. Phips was one of the youngest of fourteen children born to two different fathers. Formal education was rare in rural Maine, and Phips was illiterate until he began to study in Boston.