: History of the Great American Fortunes Vol. I Conditions in Settlement and Colonial Times by Myers Gustavus - United States Economic conditions; Wealth United States

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PREFACE iii

PART I

CONDITIONS IN COLONIAL AND SETTLEMENT TIMES

CHAPTER

PART II

THE GREAT LAND FORTUNES

PART I

CONDITIONS IN SETTLEMENT AND COLONIAL TIMES

THE GREAT PROPRIETARY ESTATES

The noted private fortunes of settlement and colonial times were derived from the ownership of land and the gains of trading. Usually both had a combined influence and were frequently attended by agriculture. Throughout the colonies were scattered lords of the soil who held vast territorial domains over which they exercised an arbitrary and, in some portions of the colonies, a feudal sway.

Nearly all the colonies were settled by chartered companies, organized for purely commercial purposes and the success of which largely depended upon the emigration which they were able to promote. These corporations were vested with enormous powers and privileges which, in effect, constituted them as sovereign rulers, although their charters were subject to revision or amendment. The London Company, thrice chartered to take over to itself the land and resources of Virginia and populate its zone of rule, was endowed with sweeping rights and privileges which made it an absolute monopoly. The impecunious noblemen or gentlemen who transported themselves to Virginia to recoup their dissipated fortunes or seek adventure, encountered no trouble in getting large grants of land especially when after 1614 tobacco became a fashionable article in England and took rank as a valuable commercial commodity.

THE INTRODUCTION OF BLACK SLAVES.

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