Virginia Colony

Question 1

What is Jamestown?

Answer 1

First successful English colony in North America. Started by the Virginia Company. Anyone could invest in Jamestown

Question 2

What are Joint-Stock companies?

Answer 2

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.

Question 3

Why were Joint-Stock companies formed?

Answer 3

No single person has to put up all of the money to support a colony. Unlimited money can be raised

Question 4

Why do people invest?

Answer 4

Trade growth, creating stronger middle class with money to invest. Overcrowding encouraged people to leave for the new world.

Question 5

1. )What is a charter?

2. )What happened to Virginia’s charter?

Answer 5

1. ) A document that granted the right to form a colony. Power granted by the king.
2. ) It lost the charter and became a royal colony controlled by the king.