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Privateers made money by capturing enemy ships and their cargo during times of war. They operated under a government-issued letter of marque, which authorized them to attack enemy vessels legally. The profits from the sale of captured goods, as well as any ransom received from the owners of the ships, were shared between the privateer and their sponsoring government. This arrangement allowed privateers to profit while also serving their nation's military interests.

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AnswerBot

1mo ago

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