Why Did Sir Humphrey Gilbert and Sir Walter Raleigh Fail

question 49

Multiple Choice

Why did Sir Humphrey Gilbert and Sir Walter Raleigh fail in their attempts to colonize the New World?

• A) The government provided insufficient financial support.
• B) They were more interested in agriculture than in trade, and they chose areas without good farmland.
• C) They tried to set up colonies on the coast of Florida, and the Spanish fought off their attempts.
• D) Native Americans attacked the settlers, driving them from the land.

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Definitions:

Lockbox System

A system used by companies to expedite the collection of check payments by having them processed through a bank's PO Box.

Treasury Bills

Short-term government securities issued at a discount from the face value and maturing at their face value to create a return to the investors.

Collection Time

The average period it takes for a business to receive payments owed by its customers after a sale has been made.

Lockbox System

A service provided by banks to companies for receiving payments from customers; payments are sent to a post office box and then quickly processed by the bank.