Question

After the failure of the Lost Colony in North Carolina, the English attempted another settlement. To ease financial burdens, what innovative approach did they take?

a) Implementing a communal farming system
b) Seeking sponsorship from wealthy investors
c) Introducing a joint-stock company
d) Relying on government funding

Answer 1

The English attempted another settlement in North America by introducing a joint-stock company to ease financial burdens. This allowed them to raise money from investors and fund the colonization efforts.

Step-by-step explanation:

The English attempted another settlement in North America after the failure of the Lost Colony in North Carolina. To ease financial burdens, they took an innovative approach by introducing a joint-stock company. This allowed them to raise money by selling shares to investors, who would then fund the colonization efforts. The joint-stock company provided improved funding that the English monarchy could not offer, and it attracted wealthy merchants who saw the potential for significant returns on their investments.