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Jamestown and Roanoke

Jamestown and Roanoke. Introduction. Push/Pull Factors. God: Spreading Religion Primarily Catholic Religion Except the English They were Protestant. Push/Pull Factors. Glory: Competition with other European countries First come, first serve It was the “space race” of the time

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Jamestown and Roanoke

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  1. Jamestown and Roanoke

    Introduction
  2. Push/Pull Factors God: Spreading Religion Primarily Catholic Religion Except the English They were Protestant
  3. Push/Pull Factors Glory: Competition with other European countries First come, first serve It was the “space race” of the time Bragging Rights
  4. Push/Pull Factors Gold: Literally looking for gold Trade made them rich! Cheap labor (slaves) = huge profits!
  5. Making $ in Colonies Joint-Stock Company: Merchants sold “ownership” of their company to investors Each investor owned small portion of company This helped fund merchants’ journey to America
  6. Making $ in Colonies Investors: People who invested their own money in a merchant’s business If business was successful, investor could sell back their investment for a profit
  7. Making $ in Colonies Example: Investor puts $1 into a merchant’s company The merchant is successful in America and the business grows by a factor of 3 The investor’s “stock”, or investment, is now worth 3 times, or $3 now. If he sells back his investment he will make a profit of $2. Now imagine if he had invested $100…
  8. Making $ in Colonies Mercantilism: Economic System Europeans used to put more $ in their treasuries European leaders would support joint-stock companies The more $ citizens had, the more they could be taxed!
  9. Early Colonization Charter: A written contract, granted by a European leader, to a company to establish a colony in America
  10. Early Colonization Roanoke: England’s first attempt to establish a colony in America Island located in present day North Carolina Was it successful?
  11. Early Colonization Jamestown: Became England’s main settlement in 1607. Located in Virginia Named after King James I
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