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One nice thing about the Colonial Period is many armies can work outside one theatre of warfare. Such as the British, American, and to a lesser degree other European powers including Japan.
One area that has seen little in the way of miniatures is American Colonialism. While many know of the Spanish American War, and the Moro Wars, few know of the conflict between the Spanish and Americans in the Philipines, nor the Philipino Armies of Liberation vs. the American forces after the Spanish withdrew. These war not the Moros, and fought in a more European manner, along with guerrila tactics. The nice thing is this army along with both the Spanish and Americans can be used in other theatres such as the Banana Republic Wars fought by the American and Spanish against local peoples of Central America. The Americans also can do duty with the Colonial wars in China. Many uniforms of may powers were simular in style and design, but with different helmets or hats in many cases. Why not look carefully and make a line where you can use bodies of just a few types with weapon and head swaps to produce a wide range of figures for both friendly and enemy forces. I believe you will find it quite cost effective.