SETTLING NORTH AMERICA 1497 1732
THE SETTLEMENT OF JAMESTOWN COLONY
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
England suffered.
|
|
|
He did not care about England.
|
|
|
If the colony was successful, England benefited from its profits. If the colony failed, the company suffered.
|
|
|
If the colony failed, everyone failed.
|
Detailed explanation-1: -The risks involved in colonization became so enormously expensive that no single individual could fund expeditions. Instead English entrepreneurs formed joint-stock companies, in which stockholders shared the risks and profits of colonization.
Detailed explanation-2: -Joint-stock companies were the key to colonizing the new world. These companies were created to pool the enormous amounts of resources and share the large amount of risk involved in overseas exploration and colonization.
Detailed explanation-3: -The opportunity to make money was one of the primary motivators for the colonization of the New World. The Virginia Company of London established the Jamestown colony to make a profit for its investors. Europe’s period of exploration and colonization was fueled largely by necessity.
Detailed explanation-4: -The Virginia Company of London was a joint-stock company chartered by King James I in 1606 to establish a colony in North America. Such a venture allowed the Crown to reap the benefits of colonization-natural resources, new markets for English goods, leverage against the Spanish-without bearing the costs.
Detailed explanation-5: -Joint stock companies helped the settlement of North America by allowing many eager Europeans, who wanted to settle in the colonies, find the finances to make such journeys and reduce the risk of financial failure.