USA HISTORY

Detailed explanation-1: -The investors had one goal in mind: gold. They hoped to repeat the success of Spaniards who found gold in South America. In 1607, 144 English men and boys established the Jamestown colony, named after King James I.

Detailed explanation-2: -As in other attempts at settlement, two of the primary goals were to find gold and to find a water route to Asia. The original Jamestown was also intended to be strategically located far enough from the James River that it would not be in the firing range of ships belonging to hostile powers such as Spain.

Detailed explanation-3: -In 1612, John Rolfe, one of many shipwrecked on Bermuda, helped turn the settlement into a profitable venture. He introduced a new strain of tobacco from seeds he brought from elsewhere. Tobacco became the long awaited cash crop for the Virginia Company, who wanted to make money off their investment in Jamestown.

Detailed explanation-4: -The Jamestown settlers never found gold. Therefore, they needed another way to support their colony. Colonist John Rolfe learned how to grow a new kind of tobacco. The settlers planted this cash crop.

Detailed explanation-5: -The founding of Jamestown had much to do with fool’s gold, the common term for the glittering, golden, sulfide of iron mineral, pyrite. In fact, fool’s gold is a common thread linking the activities of all the early European explorers to North America.