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Between 1629 and 1640, English and French Huguenot refugees in England planned and endeavored to colonize Carolana, which consists of modern-day North Carolina and South Carolina. The English and French groups cooperated as well as competed with each other during the entire effort. The groups tried settling the area for profit from New World goods and for religious freedom as Huguenots. The colonization attempt failed as bad timing, insufficient funds, and poor management doomed the expeditions.