1. The New World
In the New World, three types of colonies were founded. They consisted of: Joint-Stock colonies, Proprietary colonies, and Royal colonies. Joint-Stock colonies were founded when a group of investors received a grant of land or charter from the King to establish a colony where the investors would divide the profits from the tobacco and other products extracted from the colony. Jamestown and Massachusetts Bay are ... a colony and the individual collected rent from the colonists. Good examples of this type of colony are Maryland and Pennsylvania. People like Lord Baltimore, and William Penn were ...
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