The political and economic thought of the sixteenth century was conducive to imperial expansion. The feudal fragments of kingdoms were being fused into a true nationalism. It was the day of the mercantilists, when gold and silver were given a grotesquely exaggerated place in the national economy and self-sufficiency was deemed to be the goal of every great nation. Freed from the restraint of rivals, the nation sought to produce its own raw material, control its own trade, and carry its own goods in its own ships to its own markets. This economic doctrine appealed with peculiar force to the people of England. England was very far from being self-sustaining. She was obliged to import salt, sugar, dried fruits, wines, silks, cotton, potash, naval stores, and many other necessary commodities. Even of the fish which formed a staple food on the English workman's table, two-thirds of the supply was purchased from the Dutch. Moreover, wherever English traders sought to take the products of English industry, mostly woolen goods, they were met by handicaps--tariffs, Sound dues, monopolies, exclusions, retaliations, and even persecutions. So England was eager to expand under her own flag. With the fresh courage and buoyancy of youth she fitted out ships and sent forth expeditions. And while she shared with the rest of the Europeans the vision of India and the Orient, her "gentlemen adventurers" were not long in seeing the possibilities that lay concealed beyond the inviting harbors, the navigable rivers, and the forest-covered valleys of North America. With a willing heart they believed their quaint chronicler, Richard Hakluyt, when he declared that America could bring "_as great a profit to the Realme of England as the Indes to the King of Spain_," that "_golde, silver, copper, leade and perales in aboundaunce_" had been found there: also "_precious stones, as turquoises and emauraldes; spices and drugges; silke worms fairer than ours in Europe; white and red cotton; infinite multitude of all kind of fowles; excellent vines in many places for wines; the soyle apte to beare olyves for oyle; all kinds of fruites; all kindes of odoriferous trees and date trees, cypresses, and cedars; and in New-founde-lande aboundaunce of pines and firr trees to make mastes and deale boards, pitch, tar, rosen; hempe for cables and cordage; and upp within the Graunde Baye excedinge quantitie of all kinde of precious furres_." Such a catalogue of resources led him to conclude that "_all the commodities of our olde decayed and daungerous trades in all Europe, Africa and Asia haunted by us, may in short space and for little or nothinge, in a manner be had in that part of America which lieth between 30 and 60 degrees of northerly latitude_."