<u><em>The fur trade industry was the colony’s economic salvation</em></u>. For the first few years that the colony existed, the colonists struggled to make enough money to pay the investors back. In fact, they had to ask for more money just to keep the colony running and by the mid to late 1620s, they were deeply in debt to the investors.
<u>To help pay down the debt they still owed</u>, the colonists established a beaver fur trading base in Kennebec, Maine by 1625.
<u>This fur trading business was very successful for the colonists and quickly became an essential part of their economy</u>. Their success in this trade continued well into the 1630s and 1640s..
The correct answer is " It would hurt economic growth because banks often lend money to borrowers who then put that money back into circulation."
He was famous in the supreme court<span />
Rhode Island
Rogers Williams was a Puritan minister who believed in religious freedom, the seperation of church and state, as well as dealing fairly with the Native Americans.
