As a person who loves history, it highly irritates me to see a story posted as "historical" but then to find that the historical facts are missing.
When writing a historical history, one should ensure they know the monetary system(s) of the period and location; the economics, so as not to have someone earning more than the richest man known to them for doing 'normal' daily work; what implements are available to use, or be obtained, and the difficulty in obtaining them; the skills necessary and what it takes to gain them that the characters will be using; and much more.
In a few stories set in the past, beyond the late 1800s, I've read stories where individuals are earning, thousands of "dollars" worth of coin/trade. It's easy to do the research to find out the average income of the times back to colonial times, even back to the middle ages.
The next thing is that it is one thing to research what items would best help a person to live and get along with ease and another to have them suddenly come into them. A lone person with such wealth would be soon targeted by robbers and most likely killed. They wouldn't be leaving a witness alive to point them out to the local law man.
Knowing how hard the work is, is another thing that must be taken into account, as well as which tools were available at the time. There are huge differences between the plows of the 1600s, mid 1700s, and the John Deere design that is so familiar to us today. The differences are huge in terms of amount of land one can plow. Same goes for axes. Early colonial axes were more like what we think of when we hear "tomahawk", not the woodsmen single and double headed wedge shaped axes we know today.
A story should be listed properly. Historical means an in depth study of the era and all that goes with it. Anything less should be listed as fantasy. Maybe, even "historical fantasy".