1. Proprietary Government had failed. 2. Islands were being over-run by pirates. 3. New Providence was constantly under attack from Spain and France 4. They wanted to develop the islands in order to make them profitable.
buzz1. 1  a low, vibrating, humming sound, as of bees, machinery, or people talking. 2  a rumor or report. 3  Informal. a phone call: When I find out, I'll give you a buzz. 4  Slang. a feeling of intense enthusiasm, excitement, or exhilaration: I got a terrific buzz from those Pacific sunsets. a feeling of slight intoxication. to make a low, vibrating, humming sound. to speak or murmur with such a sound. to be filled with the sound of buzzing or whispering: The room buzzed.
Part of the Business terms glossary: A buzzword is a term or phrase that becomes very popular in some specific context. Buzzwords are typically either newly coined words -- often acronyms or portmanteaus -- or existing terms used in a different way than they were in the past. Sometimes a buzzword is a new term for a popular new technology or concept. The word wiki was created, for example, to refer to server programs that allow collaborative online content creation and editing. Although the word is often considered a Web 2.0 buzzword (as is Web 2.0 itself), it's a useful term.