Which of the following best explains why colonization was thought of as a money making venture

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journal article

The Ideology of English Colonization: From Ireland to America

The William and Mary Quarterly

Vol. 30, No. 4 (Oct., 1973)

, pp. 575-598 (24 pages)

Published By: Omohundro Institute of Early American History and Culture

https://doi.org/10.2307/1918596

https://www.jstor.org/stable/1918596

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Journal Information

A leading journal in early American history and culture, the William and Mary Quarterly publishes refereed scholarship in history and related disciplines from initial Old World–New World contacts to the early nineteenth century. Its articles, sources and interpretations, and reviews of books range from British North America and the United States to Europe, West Africa, the Caribbean, and the Spanish American borderlands. Forums and special issues address topics of active interest in the field.

Publisher Information

The Omohundro Institute of Early American History & Culture supports scholars and scholarship focused on the expansive field of early American history. The OI has produced a deep bench of award-winning scholarly monographs on a variety of topics; published the leading journal in the field, the William and Mary Quarterly; and sponsored events including conferences designed to bring together scholars for robust exchange at various levels of career achievement for robust exchange.

Abstract

Recent research shows that colonialism reversed levels of development in much of the non‐European world. To explain this reversal, analysts focus on conditions within the colonized areas. By contrast, drawing on evidence from Spanish and British colonialism, the authors show that the economic models of the colonizing nations also affected the reversals of fortune. Mercantilist Spain tended to colonize most extensively precolonial regions that were populous and highly developed; in turn, extensive Spanish colonization had negative consequences for postcolonial development. In comparison, liberal Britain tended to colonize most extensively precolonial regions that were sparsely populated and underdeveloped; in turn, extensive British colonialism had comparatively positive effects. Thus, both Spain and Britain reversed the fortunes of precolonial regions, but in largely opposite ways.

Journal Information

Current issues are now on the Chicago Journals website. Read the latest issue.Established in 1895 as the first US scholarly journal in its field, the American Journal of Sociology (AJS) presents pathbreaking work from all areas of sociology, with an emphasis on theory building and innovative methods. AJS strives to speak to the general sociology reader and is open to contributions from across the social sciences—political science, economics, history, anthropology, and statistics in addition to sociology—that seriously engage the sociological literature to forge new ways of understanding the social. AJS offers a substantial book review section that identifies the most salient work of both emerging and enduring scholars of social science. Commissioned review essays appear occasionally, offering the readers a comparative, in-depth examination of prominent titles.

Publisher Information

Since its origins in 1890 as one of the three main divisions of the University of Chicago, The University of Chicago Press has embraced as its mission the obligation to disseminate scholarship of the highest standard and to publish serious works that promote education, foster public understanding, and enrich cultural life. Today, the Journals Division publishes more than 70 journals and hardcover serials, in a wide range of academic disciplines, including the social sciences, the humanities, education, the biological and medical sciences, and the physical sciences.

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What was the main reason for colonization?

The opportunity to make money was one of the primary motivators for the colonization of the New World. The Virginia Company of London established the Jamestown colony to make a profit for its investors. Europe's period of exploration and colonization was fueled largely by necessity.

What were the 3 reasons for colonialism?

Causes of colonisation The reasons for African colonisation were mainly economic, political and religious. During this time of colonisation, an economic depression was occurring in Europe, and powerful countries such as Germany, France, and Great Britain, were losing money.

How did countries benefit from colonization?

Benefits and harm Colonial governments invested in infrastructure and trade and disseminated medical and technological knowledge. In some cases, they encouraged literacy, the adoption of Western human rights standards, and sowed the seeds for democratic institutions and systems of government.

What was the main economic concept for European colonialism?

At first, European colonising countries followed policies of mercantilism, aiming to strengthen the home-country economy, so agreements usually restricted the colony to trading only with the metropole (mother country).