USA HISTORY

Detailed explanation-1: -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-2: -The first permanent English settlement in America was Jamestown, founded in 1607 as an economic venture. England wanted to establish an American colony to increase her wealth and power-to compete with other European nations. England hoped to find silver and gold in America.

Detailed explanation-3: -The colony was a private venture, financed and organized by the Virginia Company of London. King James I granted a charter to a group of investors for the establishment of the company on April 10, 1606.

Detailed explanation-4: -Despite its rocky beginning, Jamestown finally became successful for two reasons: tobacco and Pocahontas. In 1612, John Rolfe, one of the Jamestown settlers, convinced the others to grow tobacco. This provided a ‘cash crop’ for the colony and helped establish it economically.

Detailed explanation-5: -It was John Rolfe’s experiments with tobacco that developed the first profitable export. The Spaniards found the natives in the West Indies using the tobacco plant.