Sir George Carteret and Lord Berkeley got a colonial grant for New Jersey, the land between the Hudson River and the Delaware River. These men hoped to convince more colonists to settle New Jersey so that they could make money from them.
How can this particular reason for the colony's start be accurately categorized?
The New Jersey colony was a gift from King Charles II, and the two noblemen who controlled it hoped to earn a profit from it. This means the colony's beginnings were motivated by economic reasons.
