REASONS OR MOTIVES for the raising of a PUBLIC STOCK to be employed for the peopling and discovering of such
countries as may be found most convenient for the supply
of those defects which this Realm of England most
requires...
Where colonies are founded for a public-[welfare), they
may continue in better obedience and become more
industrious than where private men are absolute backers
of a voyage. Men of better behavior and quality will engage
themselves in a public service, which carries more
reputation with it, than a private, which is for the most part
ignominious in the end, because it is presumed to aim at a
profit and is subject to rivalry, fraud, and envy, and when it
is at the greatest height of fortune can hardly be tolerated
because of the jealousy of the state.
- "Reasons for Raising a Fund to Settle America on the
Value of Colonies to England," 1607
A. Groups of investors, rather than the state, shared responsibility for
the financial risks of the settlement.
B. The state had a greater ability to raise funds for colonial
settlements than private investors.
C. State-funded colonial settlements would return greater profits to
the state than privately funded settlements.
D. Private investors had to have public guarantees in order to invest
in establishing overseas colonies
PREVIOUS
No

a system in which products were made rapidly by machines

the founder of the byzantine empire and its first emperor, constantine the great, moved the capital of the roman empire to the city of byzantium in 330 ce, and renamed it constantinople.

the byzantine empire (the eastern roman empire) was distinct from the western roman empire in several ways; most importantly, the byzantines were christians and spoke greek instead of latin.

constantine the great also legalized christianity, which had previously been persecuted in the roman empire. christianity would become a major element of byzantine culture.

constantinople became the largest city in the empire and a major commercial center, while the western roman empire fell in 476 ce.

as emperor, constantine enacted many administrative, financial, social, and military reforms to strengthen the empire. the government was restructured and civil and military authority separated. a new gold coin, the solidus, was introduced to combat inflation. it would become the standard for byzantine and european currencies for more than a thousand years. as the first roman emperor to claim conversion to christianity, constantine played an influential role in the development of christianity as the religion of the empire. in military matters, the roman army was reorganized to consist of mobile field units and garrison soldiers capable of countering internal threats and barbarian invasions. constantine pursued successful campaigns against the tribes on the roman frontiers—the franks, the alamanni, the goths, and the sarmatians, and even resettled territories abandoned by his predecessors during the turmoil of the previous century.