Who financed the Middle, the South and the New England colonies?
http://www.history.com/topics/colonial-economy
http://www.let.rug.nl/usa/outlines/history-1954/the-colonial-period.php
explian the two ways in which colonies were financed
The Middle, South, and New England colonies in North America were financed through various means. To determine who financed each colony, we need to look at the historical context and the specific circumstances surrounding their establishment.
1. Middle Colonies:
The Middle Colonies, including New York, Pennsylvania, New Jersey, and Delaware, were primarily financed by private individuals and companies. For example, New York was originally settled by the Dutch West India Company, which provided the initial funds for establishing the colony. Later, English investors financed the Duke of York, who took control of the colony.
In the case of Pennsylvania, it was established by William Penn as a proprietary colony. Penn initially funded the settlement using his personal funds and investments from wealthy Quakers in England, contributing to the development of the colony.
2. South Colonies:
The Southern Colonies, which included Virginia, Maryland, North Carolina, South Carolina, and Georgia, were funded through a combination of private investments and governmental support.
Virginia was financed through private investors known as the Virginia Company. They expected to profit from the establishment of the colony through trade and the exploitation of natural resources, such as tobacco.
Maryland, on the other hand, was established as a proprietary colony by George Calvert, who belonged to a prominent English family. Calvert's family financed the establishment of the colony, aiming to create a haven for English Catholics.
3. New England Colonies:
The New England Colonies, including Massachusetts, Connecticut, Rhode Island, and New Hampshire, had different sources of funding depending on the specific colony.
Massachusetts Bay Colony, for instance, was established and financially supported by a group of English Puritans known as the Massachusetts Bay Company. They secured a royal charter that provided legal authority and financial means for the colony's establishment.
Connecticut was founded by Thomas Hooker and a group of Puritan settlers who expanded the colony through land purchases and formed the Connecticut Colony. They financed the colony through their personal investments and contributions from other settlers.
Rhode Island was initially founded by Roger Williams with the help of a group of investors who provided financial support to establish the colony as a refuge for religious freedom.
To summarize, the Middle, South, and New England colonies were financed through a combination of private investments, companies, governmental support, and personal funds from individuals. Each colony had its unique circumstances and financial backers, contributing to their development.