Then had come the busy years of Henry VII and Henry VIII when there had been no money for foreign explorations. But under Elizabeth, with the country at peace and Mary Stuart in prison, the sailors could leave their harbour without fear for the fate of those whom they left behind. While Elizabeth was still a child, Willoughby had ventured to sail past the North Cape and one of his captains, Richard Chancellor, pushing further eastward in his quest of a possible road to the Indies, had reached Archangel, Russia, where he had established diplomatic and commercial relations with the mysterious rulers of this distant Muscovite Empire. During the first years of Elizabeth’s rule this voyage had been followed up by many others. Merchant adventurers, working for the benefit of a “joint stock Company” had laid the foundations of trading companies which in later centuries were to become colonies. Half pirate, half diplomat, willing to stake everything on a single lucky voyage, smugglers of everything that could be loaded into the hold of a vessel, dealers in men and merchandise with equal indifference to everything except their profit, the sailors of Elizabeth had carried the English flag and the fame of their Virgin Queen to the four corners of the Seven Seas. Meanwhile William Shakespeare kept her Majesty amused at home, and the best brains and the best wit of England co-operated with the queen in her attempt to change the feudal inheritance of Henry VIII into a modern national state. In the year 1603 the old lady died at the age of seventy. Her cousin, the great-grandson of her own grandfather Henry VII and son of Mary Stuart, her rival and enemy, succeeded her as James I. By the Grace of God, he found himself the ruler of a country which had escaped the fate of its continental rivals. While the European Protestants and Catholics were killing each other in a hopeless attempt to break the power of their adversaries and establish the exclusive rule of their own particular creed, England was at peace and “reformed” at leisure without going to the extremes of either Luther or Loyola. It gave the island kingdom an enormous advantage in the coming struggle for colonial possessions. It assured England a leadership in international affairs which that country has maintained until the present day. Not even the disastrous adventure with the Stuarts was able to stop this normal development.