virginia company of london sponsored the first failed english colonies in the americas.
who sponsored the first failed english colonies in the americas?
virginia company of london
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in the period before independence, spanish america and brazil were more important economically than the small english colonies on the atlantic coast of north america. the english colonies of the mid-atlantic, new england, and canada had a temperate climate, no major indigenous populations whose labor could be exploited, and no major export commodities that would have encouraged the importation of black slaves. the southern english colonies with plantation agriculture and large black slave populations share more characteristics with brazil and the caribbean than the northern english colonies. that region is characterized by the family farm, with a homogeneous european-descent population with no sharp divide between rich and poor. unlike spanish america and brazil which restricted immigration, the northern english colonies were a magnet for migration, encouraged by the british crown.
latin american economy