Homework Help

Description of Economy and Government of JamestownDescription of Economy and Government...

user profile pic

jkin12 | Student, Grade 9 | eNotes Newbie

Posted October 5, 2011 at 8:35 AM via web

dislike 1 like
Description of Economy and Government of Jamestown

Description of Economy and Government of Jamestown

2 Answers | Add Yours

user profile pic

dbello | High School Teacher | (Level 1) Educator

Posted October 5, 2011 at 10:02 AM (Answer #2)

dislike 0 like

The Jamestown colony was founded by the Virginia Company which was a joint stock company in 1607.  This venture was financed by a large number of 'owners' and run by elected directors. This 'corporate colony' was granted a charter ( a sort of licence) by the English King for purpose of enhancing the economic policy of mercantilism.  The company ultimately failed, but the colony did survive. Under the goverance of John Rolfe the colony had begun to plant and cultivate tabacco, a product that was in great demand back in Europe. By the 1620's the private corporate colony was replaced as a royal colony and was governed by royal governors (appointed by the king) which deferred to the British Privy Council's approval for any legislation proposed within the colony.

user profile pic

litteacher8 | Middle School Teacher | (Level 1) Distinguished Educator

Posted February 14, 2012 at 12:58 PM (Answer #3)

dislike 0 like
Jamestown struggled from the very beginning. It's purpose was to develop a settlement in the new land and use agriculture to build a modern civilization. They settled on the coast so that it was easy to get ships in and out. They had their own government.

Join to answer this question

Join a community of thousands of dedicated teachers and students.

Join eNotes