USA HISTORY

Detailed explanation-1: -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-2: -The Jamestown Settlers Came Looking for Gold After hearing stories of the success the Spanish found in South America, Virginia Company investors thought it would be simple enough to find gold if they too started a new settlement. The settlement was named Jamestown, after King James I, who granted the charter.

Detailed explanation-3: -During this time, King James I gave a group of wealthy men permission to start a colony in North America. The group sent 105 men to settle in Virginia. They hoped a colony would make them richer. The settlers arrived in Virginia in May 1607, hoping to find gold.

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 Gilder Lehrman Institute, GLC00708) The first English settlers in Jamestown, Virginia, who arrived in 1607, were eager to find gold and silver. Instead they found sickness and disease.