Spain and Britain settled in the Americas in the seventeenth century to maximize their potential in economic development and religious practices, however, the Spanish set out on a quest for “Gold, gold, and glory,” while the English wanted to have economic prosperity and religious tolerance. Because of Spain and Great Britain’s superiority in the world, both nations thrived off of their settlements in the Americas. Economic development played a key role in sustaining the settlements of the New World for Spain and Britain, but each country had its own way to develop economically. The Spaniards built their economy from conquistadors who set out across America to find riches and valuables from the natives. They were propelled to gather wealth in America and to increase Spanish prestige.
The English and French Colonies in America The English and French were willing to venture for new life that could bring them wealth. The English were first to venture out for this new life. They were among the most important colonizers of the Americas. They set up local governments and a diverse economy. They farmed, fished and traded.
However, England dominated the region economically. In an effort to claim the territory peaceably, the United States encouraged its citizens to settle there, appealing to their sense of nationalism as well as offering incentives in the form of land subsidies. The government told citizens it was their “Manifest Destiny”, their God-given right and obligation, to settle the west and bring the American culture to the area. The Oregon Trail
Another sub-factor of ideology was Religion where the Europeans set out on excursions to convert from other nations and discovered colonies to Christianity. The nations of Spain and Portugal strong Catholics were well known for these excursions. Another sub-factor under ideology, and one of the main reasons for their voyages was Colonialism. This idea was born out of the theory which idealized economic growth through trades and control. Another broad factor that influenced these excursions was Infrastructure.
The studying of the relationship between whites and blacks during their exploitation by wealthy planter elites can explain the evolution of racism in American society. The Seventeenth century was an era were race played little significance, were the pursuit of economic wealth by colonial elites was valued above everything else, and a colour blind policy was adopted towards exploitation. The most convenient place to study the evolution of racism is the plantation society in early Virginia. The English presence on American soil was first seen with the Jamestown settlement of 16072. The high hopes of land filled with gold were soon dashed by the confrontation of hostile indigenous Indians and constant experiences of starvation by the settlers.
A famous example of this was Martin Luther Kings ‘I have a dream’ speech, his use of religion in his passionate speech for equality helped to motivate people in society to push for social change, and ultimately changed America’s legislation and outlook on integration and equality between the black and white community in America. This shows that religion is a force for social change. Furthermore the church acts as a an ‘honest broker’ between two groups, in this case the church was the middle ground between the government and the African American community, this once again means that religion is a clear force in social change, this is because the church was capable of bringing the two communities together through religion. The church did this by spreading messages such as ‘love thy neighbour’ which promoted more equality in society, this means that the influence the church
All of these gains added to the wealth and supposedly the happiness of those in the upper echelons of Virginian society. Meanwhile the Puritans had come to the New World to establish and grow their faith, not to indulge in the material pleasures of the New World. Another distinct difference between these two colonies is the social makeup of the colonies themselves. Massachusetts Bay was founded by the Puritans who came to the new world as families in an effort to create a “city on a hill that would stand as a beacon of righteousness for the rest of the Christian world” (Divine 30). These were deeply religious people, and land was handed out in “sufficient quantity to build a house
They settled in small villages for common religious activities. Shipbuilding, trading posts, and fishing were important in coastal towns in this region. When the Puritans landed they created a deeply religious and politically innovative culture that still influences the modern United States. They fled England to America in attempted to create a "nation of saints”. They hoped this new land would serve as a "redeemer nation".
Jamestown settlers were seeking gold with their motto being GGG, “Gold, God, and Glory”. The opportunity for the pilgrims of Plymouth was religious freedom. They knew once their feet touched the shores of new land they were free from England. They now had an opportunity to establish their
Introduction Managing the risk of changing prices of gold is central to the business strategy of American Barrick Resources Corp., one of North America's largest and most successful gold-mining firms. The case contrasts this firm's hedging policies with those of its rivals that do not hedge and details the wide range of hedging products (gold loans, forwards, options, and spot deferred contracts) used to manage price risk. In 1992 the management of American Barrick is pleasantly surprised by unexpected new gold finds, but this new production places demands on the firm's hedging program and tests the firm's commitment to hedging when prices of gold and of many hedging vehicles are unattractive. The gold mining industry has been heavily impacted by the fluctuating gold prices and continuously rising operating costs. Hedging gold prices has become important to ensure financial stability in a sector where mines are unprofitable due to high volatility.