Investors Fund the Jamestown Colony
Investors Fund the Jamestown Colony is a Grade 5 history skill from California myWorld Interactive, Chapter 3: Settling the Colonies in North America. Students learn how businessmen formed the Virginia Company to pool money for colonizing North America, with investors hoping colonists would find gold and share the profits, leading to the founding of Jamestown in 1607.
Key Concepts
After Roanoke failed, England still wanted a colony in North America. Starting a colony was very expensive, so a group of businessmen formed the Virginia Company . This business model allowed them to pool their money together to pay for the difficult and risky journey.
Many investors gave money to the company. They hoped the colonists would find gold and other valuable resources. If the colony was successful, the investors would share the profit . This business plan led to the founding of Jamestown in 1607.
Common Questions
What was the Virginia Company?
The Virginia Company was a business formed by a group of businessmen who pooled their money to pay for the expensive and risky journey of establishing a colony in North America.
Why did investors fund the Jamestown colony?
Investors gave money to the Virginia Company hoping that colonists would find gold and other valuable resources. If successful, investors would share in the profits from the colony.
When was Jamestown founded and why?
Jamestown was founded in 1607 by colonists funded by the Virginia Company. It was England's attempt to establish a permanent colony in North America after the failed Roanoke colony.
What textbook covers Jamestown and the Virginia Company for Grade 5?
This topic is covered in California myWorld Interactive, Grade 5, Chapter 3: Settling the Colonies in North America.