Terms: Joint Stock Company -- Anne Hutchinson
Review Questions: 1 - 5
Joint Stock Company: an incorporated business with transferable shares and with shareholders having either limited or unlimited liability for debts of the business. i. Essentially lead to Britain's courage to invest in colonies/ get the wealth to do so.
Virginia Company: joint stock companies chartered by James I with the purpose of establishing settlements off the coast of North America. ii. When settlement ultimately failed, colonists stayed there, governing themselves, giving birth to the idea of American democracy. Jamestown: first permanent English settlement in North America 1607. Named after King James I of England. iii. Sparked a series of cultural encounters with Natives of land, also shaped culture of future Americans. House of Burgesses: the lower house of representatives in colonial Virginia. iv. Showed that young America was taking a step away from monarchy and a step towards democracy/ first organized government in America Tobacco: plant widely cultivated in colonies, saved the colony of Jamestown, eventually depleted soil. v. America's economy partly originated in tobacco cultivation/ one of the main origins of international business/ developement of planter aristocracy in the South/ posed a need for laber-- slavery Puritanism Beliefs: John Calvin leader, discontent with church government. believed in predestination, plain living, and purifying the church. vi. Pivitol to christian revolt/ reformation
Mayflower Compact: An agreement reached by the Pilgrims on the ship the Mayflower in 1620, just before they landed at Plymouth Rock. The Mayflower Compact bound them to live in a civil society according to their own laws. It remained the fundamental law of their colony of Plymouth until the colony was absorbed into Massachusetts in the late seventeenth century. vii. First written constitution of America.
Mercantilism: theory that the wealth of a nation depends on the...
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