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Jamestown - 1607. Jamestown. 1st successful English colony in North America Settled for profit (to make $) Named after King James In Virginia Colony (south). Virginia Company of London. Joint stock company - people who invested money in hopes of making a profit.
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Jamestown 1st successful English colony in North America Settled for profit (to make $) Named after King James In Virginia Colony (south)
Virginia Company of London Joint stock company- people who invested money in hopes of making a profit. If JTown succeeded, each “shareholder” paid dividends “profit”. If it failed, you lost your investment.
Charter Legal document given by the King that granted certain rights to a person or company
Almost an Epic Fail! swampy, unhealthy area. Colonists looked for gold instead of building & planting. There was no gold! John Smith - “He who will not work, shall not eat” Colony saved when John Rolfe planted Tobacco & sold it as a profitable “cash crop”.
Virginia House of Burgesses 1strepresentativegovernment in the new world.
Representative Government Voters elect people (representatives) to make laws for them!
Magna Carta -1215 First English document to take some powers away from the King and give them to the people. King could not tax nobles without consulting them first.