 After the financial collapse of the Sierra Leone Company, a second group, the newly-created African Institution, offered emigration to a larger group of Black Loyalists who had been resettled in Nova Scotia after the American Revolution.The African Institution's London sponsors hoped to gain an economic return while fostering the "civilizing" trades of educated Blacks in Africa.The second wave of settlers in Sierra Leone consisted of some 1200 free Blacks who, after England's defeat, had been transported by the British Navy from American port cities to Nova Scotia for resettlement.