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English Settlements: Investors and Indentured Servants. If you chose to invest…. Virginia Company: Joint Stock Company. More than 50 businesses and 600 individuals from London bought shares. Virginia Company of London Seal, 1606-1624.
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Virginia Company of London Seal, 1606-1624
(Just like this cat)
Income, but still, no profit!
was on the verge of bankruptcy.
£100,000 into Jamestown and hadn’t made back even a small portion of their investment.
Swampy, full of mosquitoes with no fresh water supply.
Typhoid and dysentery
Passage to America left colonists weak, susceptible to scurvy and bloody flux.Things you should have considered before investing….
Colonists did not have enough food to last the year.
Severe drought in the area.
Most focused on trying to find gold rather than planting crops.
“Nay, so great was our famine, that a Salvage we slew, and buried, the poorer sort tooke him up againe and eat him, and so did divers one another boyled and stewed with roots and herbs: And one amongst the rest did kill his wife, powdered her, and had eaten part of her before it was knowne, for which hee was executed…now whether shee was better roasted, boyled or carbonado’d, I know not”
John Smith The Starving Time
Leaders were constantly arguing.
Divisions between gentlemen and poor colonists.
Ship captain reported colony was doing poorly because its leaders were striving to rule over one another.
Company leaders in London could not understand how difficult it was for the colonists
Leaders in Virginia could not understand the pressure for profits in London
1608 fire destroyed all the buildings in Jamestown except three
Colonists exposed to cold winter temps. Without shelter.
Fire also destroyed all their supplies.
Fear of attacks were constant.
Most attacks took place outside of fort area, making it difficult to tend to crops.
Leaders of colony were afraid colonists would leave to go live with Natives.
Attacks by Spanish:
Jamestown was 50 miles upriver from Spanish ships.
Jamestown, only 60 survived
¾ of all indentured servants died within one year of moving to Jamestown between 1607 and 1624.
As tobacco became more profitable, servants became more valuable.
Conditions in England also improved, so fewer people came as indentured servants.