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Published byClementine Nelson Modified over 9 years ago
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Early Colonies Have Mixed Success Chapter 3 Section 1
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Joint-Stock Company Companies backed by investors, people who put money into a project to earn profits. Each investor receives pieces of ownership of the company called shares of stock. In this way, the investors split any profits and divide any losses.
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Charter A written contract issued by a government giving the holder the right to establish a colony.
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Jamestown 1607- The first permanent English settlement in North America.
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John Smith A soldier and adventurer took control of Jamestown when it was failing. Declared to the Colonists That “He that will not work shall not eat.” Smith’s methods worked.
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Indentured Servant Men and Women sold their labor to a person who paid their passage to the colony. After working for a number of years, they were free to farm or take up a trade.
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House of Burgesses Created in 1609, became the first representative assembly in the American Colonies.
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Bacon’s Rebellion A revolt against powerful colonial authority in Jamestown by Nathaniel Bacon and a group of landless frontier settlers that resulted in the burning of Jamestown in 1676
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