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Welser Family's Unprofitable Venezuelan Colony
In 1528, to settle a debt, Emperor Charles V granted the Welser family a 30-year governorship over "Klein-Venedig" (part of present-day Venezuela), giving them 4% of profits and allowing them to import enslaved Africans; however, the venture proved unprofitable, marked by accusations of cruelty and ...
Welser Family's Unprofitable Venezuelan Colony
In 1528, to settle a debt, Emperor Charles V granted the Welser family a 30-year governorship over "Klein-Venedig" (part of present-day Venezuela), giving them 4% of profits and allowing them to import enslaved Africans; however, the venture proved unprofitable, marked by accusations of cruelty and ...
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