Sean Carroll's Mindscape: Science, Society, Philosophy, Culture, Arts, and Ideas
287 | Jean-Paul Faguet on Institutions and the Legacy of History
Jean-Paul Faguet
But basically they came here, they mounted their own expeditions with private investment, and they were going to get to keep the explicit terms of these legal agreements with the crown is that they would get to keep 80% of all the treasure, et cetera, that they found, and 20% had to go back to the crown.
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