Question

Select all the correct answers. What are two reasons why investors in England were likely unwilling to finance the early voyages of merchants and joint-stock companies to the Americas? The voyages were very expensive. The voyages were risky, and there was no insurance to cover the risk. The investors were only interested in voyages to China. The investors were more interested in saving money.

Answer 1

The voyages were very expensive.

The voyages were risky, and there was no insurance to cover the risk.

Step-by-step explanation:

England wouldn't invest in the early voyages as it was expensive and risky because it holds no insurance to cover the risk. Queen Elizabeth, in the beginning, was unwilling to spend money from the national treasury in ventures. However, merchants with wealth weren't enough for voyages. England only became interested in the journeys after Spain and Portugal found America and riches, including land and bullion (gold and silver).