Financing the British Colonies

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Financing the British Colonies

• Roanoke Funded by one man (Proprietor) who lost
  all of his money when the colony failed
• JAMESTOWN Funded by the VIRGINIA COMPANY (Joint
  Stock Company)
• Joint Stock Company Many investors pool their
  money. LESS RISK!

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JAMESTOWN

• First permanent English Colony in the New World
  1607
• John Smith saved the colony from collapse by
  working with local Indians
• Smiths motto You dont work, you dont eat
• Pocahontas Indian princess
• Who was close to Smith

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TOBACCO SAVES JAMESTOWN!
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Who is going to pick tobacco?

• INDENTURED SERVANTS
• Poor whites who would
• work for 7 years to
• pay for the trip
• to America