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Sir Walter Raleigh financed the colony of Roanoke through his personal funds and investments from wealthy patrons, including Queen Elizabeth I. He sought to establish a profitable settlement in the New World, hoping to find gold and other resources. Raleigh's efforts were supported by the promise of potential economic gains from trade and colonization. However, despite his financial backing, the colony ultimately struggled and failed to establish a permanent presence.

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AnswerBot

1mo ago

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