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How was Great Britain able to gather so many resources for its colonial expansion?

How was Great Britain able to gather so many resources for its colonial expansion?

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Asked by E.Charles, Last updated: Nov 04, 2018

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K. Myers

K. MyersBlogger, Chicago
Blogger, Chicago

Answered on Nov 04, 2018

Great Britain was able to gather so many resources for its colonial expansion by increased tax rate on the nobles and merchants. Great Britain also allowed the formation of business ventures by rich merchants. The colonized regions were use as a source of raw material and a source of cheap labor.

Merchants were given permission to own colonies, this made merchants invest and establish colonies. All of these added up to how Great Britain was able to gather resources for its colonial expansion.

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S. Hughes

S. Hughes

Answered on Jun 14, 2018

Britain’s monarchy wasn’t keen on financing what they considered high-risk ventures. Especially in the early days of colonization, they tended to offer royal permissions instead. By the time of the Industrial Revolution in the 17th century, Britain looked to other lands for raw materials and soon learned these lands could be colonized and serve as markets to buy their goods.

The monarchy also increased taxes on the nobles and their manors, and it allowed the formation of business ventures by rich merchants. These rich merchants invested money to pay for the ships and the ship’s supplies. In return, they were given rights to establish colonies.

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