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CLEP US History I

Category - Economy

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Which of the following enabled much of the early English colonial exploration and settlement?

Cooperation from the Native Americans
The acquisition of gold
The fur trade
Queen Elizabeth
Joint-stock companies

Explanation

Answer: E - Joint-stock companies enabled much of the settlement of the English colonies by offering a new way to finance development. Thus, English colonial ventures were sponsored by the earliest incarnation of the corporation. The fur trade subsidized the French colonies, and after the Roanoke colony failed, Queen Elizabeth refused to fund any other colonial projects.

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CLEP US History I

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CLEP US History I

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