Explanation:
England wanted to start an American colony to increase their wealth and power so that they could compete with other European countries like Spain and France. ◦ They were hoping to be able to find silver and gold in America. (This would help increase their wealth!)
Answer: ◦ England wanted to start an American colony to increase their wealth and power so that they could compete with other European countries like Spain and France. ◦ They were hoping to be able to find silver and gold in America. (This would help increase their wealth!)
Explanation: ◦ England wanted to start an American colony to increase their wealth and power so that they could compete
with other European countries like Spain and France.
◦ They were hoping to be able to find silver and gold in America. (This would help increase their wealth!)
◦ An American settlement would give England raw materials (like wood and metal) they didn’t have in
England. This would allow them to increase their trading with other places.
◦ King James I, the King of England granted charters (written permission) to the Virginia
Company of London.
◦ These Charters had three main rules:
◦ Gave the Virginia Company of London permission to start a settlement in North America
◦ Granted English rights to the settlers
◦ Defined the physical boundaries of the colony (where the colony could be established.)
◦ Jamestown was primarily an economic venture
◦ An economic venture is a way to make money (that’s its main purpose!)
◦ The stockholders, people who put their own money into the Virginia Company of London, paid for the
settlement of Jamestown.
◦ In 1607, Jamestown was founded and became the first permanent English settlement in North America!
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