USA HISTORY

SETTLING NORTH AMERICA 1497 1732

THE SOUTHERN COLONIES SETTLEMENT AND GROWTH

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What group of people ran business and did most of the trading between the colonies and Europe?
A
merchants
B
large landowners
C
slaves
D
indentured servants
Explanation: 

Detailed explanation-1: -Portuguese explorer Vasco de Gama becomes the first European to reach India via the Atlantic Ocean when he arrives at Calicut on the Malabar Coast. Da Gama sailed from Lisbon, Portugal, in July 1497, rounded the Cape of Good Hope, and anchored at Malindi on the east coast of Africa.

Detailed explanation-2: -The group of merchants who formed the English East India Company in 1600 AD, also known as Merchant Adventurers. They got permission from British queen Elizabeth I in 1599 AD to sail the Indian Ocean. This grant of English Queen is called as Royal Charter.

Detailed explanation-3: -It was the Dutch East India Company to start a joint stock company to trade with India.

Detailed explanation-4: -The East India Company was incorporated by royal charter on December 31, 1600. It was an English company formed for the exploitation of trade with East and Southeast Asia and India.

There is 1 question to complete.