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Financing the British Colonies

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Presentation on theme: "Financing the British Colonies"— Presentation transcript:

1 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!

2 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

3 TOBACCO SAVES JAMESTOWN!

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

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