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Is it possible for the English to colonize North America by 1700s, and have extensive holdings in Africa, Australia, and India by 1850s (the real life British Empire "classic") if Henry VIII married an Austrian Hapsburg and decided a female heir was OK?

See, a lot of the colonies were made with religious reasons. So now all that's left is economic and prestige ones. Except that for the most part, the colonies sucked at making money thanks to smuggling.
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