Answer and Explanation:
During the 16th and 17th centuries in England, significant changes were taking place in urban and rural areas.
Economic changes like sheep and woolen cloth demand were also getting an increase. So landowners were allowed to enclose their farms and fence off large areas.
Landowners, wool manufacturers, and merchants have great wealth, so many migrants were reduced to begging and stealing to survive.
People were migrating to England to manage the increasing number of poor and displaced people; they planned to make colonies.
England was looking the colonies sell the more goods and resources to other countries.
If colonies could make the raw material, they would not have to buy it from other countries.
At the same time, colonies could market for England’s good. Making new colonies could have been an expensive business. All these factors led them to make a new company Virginia Company of London.
So colonies played a vital role in making England an Industrial world.
