<u><em>In 1684</em></u> the government of <em><u>Charles II</u></em> revoked the <u>Massachusetts Bay Company colonial charter</u>. This was a joint stock trading company chartered by the English crown in 1629 to colonize a vast area in <em><u>New England</u></em>. John Winthrop, Thomas Dudley, Henry Vane, Richard Bellingham, John Endecott, John Leverett, and Simon Bradstreet were some of the Governors. The main reason in England to take this decision was not to attain efficiency in administration but to guarantee that the purpose of the colonies was to make England richer. After the revocation of the <u>Massachusetts charter</u>, <u><em>King Charles II</em></u> and the Lords of Trade moved forward with plans to establish a unified administration over some of the New England colonies.
During the period of the Renaissance, Italy was divided into numerous small city-states controlled by local wealthy people. There were large differences though from one city-state to another, and while the northern ones were very wealthy and had things going very smoothly, the southern ones were much less successful.
The reason why the northern Italian city-states were so wealthy was mostly the trade. These city-states had excellent large ports. They were producing multiple things that were in high demand and also very well paid for for export, and were getting lot of things they needed and desired from the other parts of the world.
These states had very well developed fleets, and they were trading with multiple Asian regions, Europe, as well as parts of Africa. They were exporting their high quality products. Very often they were buying certain things from one place, then re-sell it in other place buy much higher prices, thus getting more and more wealth over time. That wealth enabled them to get all they needed without any problem, thus making them very stable and strong small states.
The correct answer is second one
The economy is 3.4 trillion
