Answer:
The statement is false. Colonists didn't help industries to grow by investing money in them.
Step-by-step explanation:
During the colonial time, the European colonists had money only for personal use in their respective colonies however the money wasn't enough to last for a long time. They had to barter whatever possessions they have with goods such as tobacco, nails, etc.
The increase of the trade increased the availability of coins with the Spanish dollar becoming the unofficial national currency made out of silver. There was also a rise of pine shillings in the 1650s though England had been against the idea.