Which statement best describes the difference between French and English colonies in North America? The French established small trading posts funded by a king, while the English created large, privately financed colonies. The French created large, privately financed colonies, while the English established small trading posts funded by a king. The English established small trading posts far from the East Coast, while the French created large colonies along the coast. The English created small trading posts on the Northwest Passage, while the French established cash crops on the East Coast.