USA HISTORY

Detailed explanation-1: -Explanation: Virginia colony relied most on plantations to fuel its economy. The plantation in Virginia dated back during 1606 when King James I formed the Virginia Company to establish colonies in America.

Detailed explanation-2: -The South was known for its large plantations, but small farms were much more common. Most southern colonists lived on small family farms in the backcountry, away from the tidewater. Backcountry colonists farmed with the help of family members and perhaps one or two servants or slaves.

Detailed explanation-3: -Thus after time, a plantation came to describe large areas of land that were devoted to agriculture, rather than a new settlement or colony. By the end of the 1600s, the Virginia tobacco economy was thriving. Tobacco profits helped to buy indentured servants and slaves.

Detailed explanation-4: -The economy of the Virginia colony depended on agriculture as a primary source of wealth. Tobacco became the most profitable agricul-tural product and was sold in England as a cash crop.

Detailed explanation-5: -Significance. It was the first permanent English settlement in the New World at Jamestown. It provided a source of fertile land and great wealth to England in the form of the cash crop, tobacco. With the House of Burgesses, America saw the first institutional instance of representative self-government.