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US3 - SPANISH NORTH AMERICA Spanish fort at St Augustine...

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SPANISH NORTH AMERICA Spain originally claimed all of North America Established oldest city in the U.S. St. Augustine, FL But never made any attempt to settle lands north of Florida Spanish fort at St. Augustine
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COLONIAL COMPETITION Spanish success in the New World stimulated three other nations to also get into the action England, France, and the Netherlands At first, they had to satisfy themselves with subsidizing pirates to plunder Spanish colonies and treasure ships But as Spain became weaker, all three began to explore the possibilities of establishing their own colonies north of Florida
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ELIZABETH I (1558-1603) Became interested in New World colonies Read A Discourse on Western Plantations By Richard Hakluyt Stressed military advantages England would receive if she colonized Atlantic coast of North America
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FIRST ATTEMPT Made by Sir Humphrey Gilbert Tried to found colony on the coast of Newfoundland Gave up shortly after he arrived because of weather Landed in the middle of winter Killed in shipwreck on the way home near Azores Islands
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SIR WALTER RALEIGH Gilbert’s half brother Claimed all land north of Florida for Elizabeth Named it Virginia In honor of her nickname, the “Virgin Queen”
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ROANOKE ISLAND First attempt to found colony on Roanoke Island was immediate failure Handpicked 118 men, women, and children for second attempt Landed on island in 1587 Told supply ship would arrive in 1588 Raleigh ran out of money and supply ship was delayed until 1590 All colonists had disappeared
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JOINT-STOCK COMPANIES Under James I, joint-stock companies were formed to finance colonial ventures Business organizations in which a large number of investors pooled their resources and then shared profits in proportion to their investment If venture failed, investors only lost their investment They were not liable for entire debt of company Joint-stock companies had been successful in financing trading expeditions to Russia and Middle East James I
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THE VIRGINIA COMPANY Created in 1606 to colonize land first claimed by Sir Walter Raleigh Received no direct financial help from the British government But needed government permission to conduct its mission James I issued company a charter to found colony within a 100-mile area along coast of Virginia Known as Jamestown
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