Entrepreneurs in Virginia

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English Settlement at Jamestown
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Presentation transcript:

Entrepreneurs in Virginia Joint-stock companies provided financing English stockholders in Virginia Company expected instant profits Jamestown settled in 1607 Colony’s location in a swamp unhealthy Competition from expansive Powhattan Colonists did not work for common good

Chesapeake Colonies, 1640

Spinning Out of Control 1608-1609—John Smith imposed order 1609—London Company re-organized colonial government 1610— “Starving Time” ended by arrival of Lord De La Warr, fresh settlers, and martial law Conflict with Powhattan Contributed to “starving time” 1622—natives attempted to drive out English 1644—second attempt to drive out English; Powhattan empire destroyed

Tobacco 1610—John Rolfe introduced tobacco 1618—Reforms of Edwin Sandys House of Burgesses instituted for Virginia self-government Headright: 50-acre lot granted to each colonist who paid his own transportation, or for each servant brought into the colony Allowed development of huge estates

Time of Reckoning Population increase prevented by imbalanced sex ratio 3570 colonists to Virginia, 1619-1622 Men outnumbered women 6:1 after 1619 Contagious disease killed settlers 1618: Virginia population numbered 700 1618-1622: 3000 immigrated 1622: Virginia population numbered 1240 Indentured servants denied promised land 1622—Powhattan attack killed 347 settlers

Corruption and Reform Problems of colony blamed on greed and mismanagement of London Company 1624—King James I dissolved London Company Virginia became a royal colony House of Burgesses continued to meet Burgesses created County Courts