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Unformatted text preview: new trade routes]. The Virginia
Company was a joint-stock venture [it was funded by
contributions from many small investors].
- Although joint-stock companies had worked well to
finance voyages, which quickly resulted in $, they
wouldn’t work as well for colonies b/c colonies required
enormous amounts of funding and usually failed, or at
least took a long time, to return profits. Consequently,
colonies funded by these companies were always short
of capital b/c nobody wanted to risk much $.
- Anyhow, James I decided to go ahead and charter the
company in 1606, which resulted in Jamestown being
founded in Virginia [after a failure to start a colony in
Maine] in May 1607 by 104 Englishmen. 2 *Jamestown’s Struggle for Survival*
- The most concise way to express the first years would
be absolutely terrible luck. The colonists faced a myriad
of problems, most of which they were not responsible for.
For instance… They just happened to arrive during a severe
drought. They had major problems with diseases like
typhus and dysentery caused by a lack of
sanitation (they washed clothes in the James
river, then drank the water, and so on). They settled in the worst place possible
climactically. They (this was their fault) were lazy. As the
colonists were mainly gentlemen expecting to
somehow magically discover gold and get rich,
they were totally unprepared for the notion of
*gasp* manual labor.
- Not surprisingly, they had a 90% mortality rate on the
first wave of colonists.
*Jamestown and the Powhatan Confederacy*
- So why wasn’t this another failure? Well, b/c of the
Native Americans in the area [6 Algonquian tribes – the
Powhatan Confederacy]. Since Powhatan [their leader]
thought that the new arrivals could help him consolidate
his power over the neighboring tribes, he was receptive
and friendly towards them and agreed to trade food for
items such as knives and guns. 3 - Soon enough, however, the relationship broke down.
One cause of this was the kidnapping of Pocahontas,
Powhatan’s daughter, by colonists who wanted to use
her as a h...
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This note was uploaded on 04/02/2014 for the course APUSH AP United taught by Professor Orban during the Fall '10 term at Harrison High School, Harrison.
- Fall '10