AMH-2010 Lecture Notes - Lecture 8: London Company
Document Summary
T(cid:449)o busi(cid:374)ess pla(cid:374)s, t(cid:449)o virgi(cid:374)ia co(cid:373)pa(cid:374)ies t(cid:449)o disasters. They were outputting goods that are considered high luxury. Began using land more to build the colony. Still did not provide enough to support human life. The king of england disputed tobacco though many people began using it. He says that it shows mental and physical weakness. Tobacco became a luxury product and it increased profit for virginia. Producing tobacco takes an enormous amount of human labor and is very hard to upkeep. There was not a huge tobacco market in the us, so the tobacco leaves had to be sent to england in order to sell the tobacco and receive profit. If the tobacco got wet on the boat, it became ruined, so it would take a lot of effort to pack the leaves. The leaves had to be put in barrels, packed air tight, and the process overall was extremely labor intensive.
