Economic and political developments in Virginia from 1607-1700
On the year of 1607, May 14th, a hundred men sent by the Virginia Company of London, landed at the mouth of Chesapeake Bay which also resulted in the first permanent English settlement. The settlement of the Virginia Colony (Jamestown) was the source of economy of the Chesapeake Bay region and Virginia, during the colonial period was always tied upon the accessibility of plantation and slavery.
On the year of 1607, May 14th, a hundred men sent by the Virginia Company of London, landed at the mouth of Chesapeake Bay which also resulted in the first permanent English settlement. The Virginia Colony was intended to supply England with gold and many other necessities; but instead, the colony were busy struggling with survival for the next four years, with population declining to only 38 inhabitants after a year of settlement. Failing to discover gold or other valuables, the settlers also failed the production of other goods such as silk and glass; even the exportation of native tobacco failed because English smokers preferred the milder tobacco which was introduced by Spain (the Spanish found tobacco in their settlement of the Caribbean and South America) in previous years before the settlement. In 1612, John Rolfe, an Englishmen who was sent by the Virginia Company and married to Pocahontas, realized that ¡§tall tobacco¡¨ (the milder type of tobacco) grew well in the lowlands and humidity that were present. Soon these mild tobaccos became a profitable source of income in England, and became the cash-crop of the colonial period which valued beyond what the colonists had imagined. ¡§Tobacco is Virginia¡¦s gold and silver¡¨, John Rolfe 1612. A few years later in 1619, The House of Burgesses (the first elective governing body in a British overseas territory) was established, and their first order was to set minimum price on sales of tobacco. Although the tobacco boom was a fortunate miracle that had...
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