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By the end of this section, you will be able to:
  • Identify regions where the English, French, and Dutch explored and established settlements
  • Describe the differences among the early colonies
  • Explain the role of the American colonies in European nations’ struggles for domination

For Europeans, the discovery of an Atlantic World meant newfound wealth in the form of gold and silver as well as valuable furs. The Americas also provided a new arena for intense imperial rivalry as different European nations jockeyed for preeminence in the New World. The religious motives for colonization spurred European expansion as well, and as the Protestant Reformation gained ground beginning in the 1520s, rivalries between Catholic and Protestant Christians spilled over into the Americas.

English exploration

Disruptions during the Tudor monarchy—especially the creation of the Protestant Church of England by Henry VIII in the 1530s, the return of the nation to Catholicism under Queen Mary in the 1550s, and the restoration of Protestantism under Queen Elizabeth—left England with little energy for overseas projects. More important, England lacked the financial resources for such endeavors. Nonetheless, English monarchs carefully monitored developments in the new Atlantic World and took steps to assert England’s claim to the Americas. As early as 1497, Henry VII of England had commissioned John Cabot, an Italian mariner, to explore new lands. Cabot sailed from England that year and made landfall somewhere along the North American coastline. For the next century, English fishermen routinely crossed the Atlantic to fish the rich waters off the North American coast. However, English colonization efforts in the 1500s were closer to home, as England devoted its energy to the colonization of Ireland.

Queen Elizabeth favored England’s advance into the Atlantic World, though her main concern was blocking Spain’s effort to eliminate Protestantism. Indeed, England could not commit to large-scale colonization in the Americas as long as Spain appeared ready to invade Ireland or Scotland. Nonetheless, Elizabeth approved of English privateers    , sea captains to whom the home government had given permission to raid the enemy at will. These skilled mariners cruised the Caribbean, plundering Spanish ships whenever they could. Each year the English took more than £100,000 from Spain in this way; English privateer Francis Drake first made a name for himself when, in 1573, he looted silver, gold, and pearls worth £40,000.

Elizabeth did sanction an early attempt at colonization in 1584, when Sir Walter Raleigh, a favorite of the queen’s, attempted to establish a colony at Roanoke    , an island off the coast of present-day North Carolina. The colony was small, consisting of only 117 people, who suffered a poor relationship with the local Indians, the Croatans, and struggled to survive in their new land ( [link] ). Their governor, John White, returned to England in late 1587 to secure more people and supplies, but events conspired to keep him away from Roanoke for three years. By the time he returned in 1590, the entire colony had vanished. The only trace the colonists left behind was the word Croatoan carved into a fence surrounding the village. Governor White never knew whether the colonists had decamped for nearby Croatoan Island (now Hatteras) or whether some disaster had befallen them all. Roanoke is still called “the lost colony.”

Questions & Answers

Ayele, K., 2003. Introductory Economics, 3rd ed., Addis Ababa.
Widad Reply
can you send the book attached ?
Ariel
?
Ariel
What is economics
Widad Reply
the study of how humans make choices under conditions of scarcity
AI-Robot
U(x,y) = (x×y)1/2 find mu of x for y
Desalegn Reply
U(x,y) = (x×y)1/2 find mu of x for y
Desalegn
what is ecnomics
Jan Reply
this is the study of how the society manages it's scarce resources
Belonwu
what is macroeconomic
John Reply
macroeconomic is the branch of economics which studies actions, scale, activities and behaviour of the aggregate economy as a whole.
husaini
etc
husaini
difference between firm and industry
husaini Reply
what's the difference between a firm and an industry
Abdul
firm is the unit which transform inputs to output where as industry contain combination of firms with similar production 😅😅
Abdulraufu
Suppose the demand function that a firm faces shifted from Qd  120 3P to Qd  90  3P and the supply function has shifted from QS  20  2P to QS 10  2P . a) Find the effect of this change on price and quantity. b) Which of the changes in demand and supply is higher?
Toofiq Reply
explain standard reason why economic is a science
innocent Reply
factors influencing supply
Petrus Reply
what is economic.
Milan Reply
scares means__________________ends resources. unlimited
Jan
economics is a science that studies human behaviour as a relationship b/w ends and scares means which have alternative uses
Jan
calculate the profit maximizing for demand and supply
Zarshad Reply
Why qualify 28 supplies
Milan
what are explicit costs
Nomsa Reply
out-of-pocket costs for a firm, for example, payments for wages and salaries, rent, or materials
AI-Robot
concepts of supply in microeconomics
David Reply
economic overview notes
Amahle Reply
identify a demand and a supply curve
Salome Reply
i don't know
Parul
there's a difference
Aryan
Demand curve shows that how supply and others conditions affect on demand of a particular thing and what percent demand increase whith increase of supply of goods
Israr
Hi Sir please how do u calculate Cross elastic demand and income elastic demand?
Abari
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Source:  OpenStax, U.s. history. OpenStax CNX. Jan 12, 2015 Download for free at http://legacy.cnx.org/content/col11740/1.3
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