Virginia Colony Flashcards
1
Q
What is Jamestown?
A
First successful English colony in North America. Started by the Virginia Company. Anyone could invest in Jamestown
2
Q
What are Joint-Stock companies?
A
Company which has sold parts of their ownership to people outside of the company. Shareholders are called investors. Investors make money when the company profits.
3
Q
Why were Joint-Stock companies formed?
A
No single person has to put up all of the money to support a colony. Unlimited money can be raised
4
Q
Why do people invest?
A
Trade growth, creating stronger middle class with money to invest. Overcrowding encouraged people to leave for the new world.
5
Q
- )What is a charter?
2. )What happened to Virginia’s charter?
A
- ) A document that granted the right to form a colony. Power granted by the king.
- ) It lost the charter and became a royal colony controlled by the king.
