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How did Jamestown colony make money for the Virginia company?
Last Updated: 22nd February, 2020
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Hereof, how did the Jamestown colony make money?
Officials of the Virginia Company established the colony at Jamestown to make a profit. They expected the colonists to find marketable natural resources, develop industries or produce an agricultural product that would succeed in making money for the colony and its investors in England.
Likewise, what company was responsible for the settlement of Jamestown in Virginia? In 1606, King James I granted a charter to a new venture, the Virginia Company, to form a settlement in North America.
Also asked, why did the Virginia company decide to fund a colony at Jamestown?
They also hoped to find a Northwest Passage or sail- ing route to the Orient for trade. Other motives, as expressed by the Virginia Company's first charter, were to prevent the spread of Spanish colonies, to spread Protestant Christianity (and limit Spanish Catholicism), and to convert the Virginia Indians.
What did the Virginia company do to attract settlers to its colony?
Jamestown needed more settlers for the tobacco and created a headlight system. The Virginia Company began to bring women and skilled workers. land grants to new settlers, encourage family groups to migrate together.