Financing the British Colonies

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Presentation transcript:

Financing the British Colonies Roanoke: Funded by one man (Proprietor) who lost all of his money when the colony failed JAMESTOWN: Funded by the VIRGINIA COMPANY (Joint Stock Company) Joint Stock Company: Many investors pool their money. LESS RISK!

JAMESTOWN First permanent English Colony in the New World 1607 John Smith saved the colony from collapse by working with local Indians Smith’s motto: “You don’t work, you don’t eat” Pocahontas: Indian princess Who was close to Smith

TOBACCO SAVES JAMESTOWN!

Who is going to pick tobacco? INDENTURED SERVANTS: Poor whites who would work for 7 years to pay for the trip to America