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Why was Georgia referred to as a "debtor colony"?

User JeffP
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Answer:

The colonial governments of Virginia and North Carolina for their part, eager for laborers, passed incentives by promising 5 years' worth of debt protection. The founder of Georgia, James Oglethorpe, specifically started the colony as a debtor's refuge in 1732, as an alternative to English debtors' prison.

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User Marius
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