Later that year, Raleigh founded the Roanoke Colony on the coast of present-day North Carolina, but lack of supplies caused the colony to fail.
Although the British Empire achieved its largest territorial extent immediately after World War I, Britain was no longer the world's pre-eminent industrial or military power.
In 1583, he embarked on a second attempt, on this occasion to the island of Newfoundland whose harbour he formally claimed for England, although no settlers were left behind.
Gilbert did not survive the return journey to England, and was succeeded by his half-brother, Walter Raleigh, who was granted his own patent by Elizabeth in 1584.
The British Empire expanded to include most of India, large parts of Africa and many other territories throughout the world.
Alongside the formal control that Britain exerted over its own colonies, its dominance of much of world trade meant that it effectively controlled the economies of many regions, such as Asia and Latin America.