Spanish successes in the Caribbean attracted the attention of other European nations. Like Spain, France was a Catholic nation and committed to expanding Catholicism around the globe. In the early sixteenth century, it joined the race to explore the New World and exploit the resources of the Western Hemisphere.
In 1534, navigator Jacques Cartier claimed northern North America for France, naming the area around the St. Lawrence River New France. Like many other explorers, Cartier made exaggerated claims about the area’s mineral wealth and was unable to send great riches back to France or establish a permanent colony.
The interest rates of certificate of deposit are locked rates because they provide a clear and predictable return on any deposit over a specific period and the financial institution cannot later change the interest rate to reduce earnings.
