AMH-2091 Lecture Notes - Lecture 3: Indentured Servant, Southern Colonies, Severance Package
Document Summary
The formative wave (1526-1763: jamestown (1607) Sp and br competing, sp much more powerful so they settled in warmer climates, richer land, etc. Spanish monarchy tended to finance colonies in central america, the. An individual of wealth could buy stock in a company that wanted to create a colony in the new world. Invested and once the company turned a profit, the individual would make a profit. Any profits would be made years down the road. Most that invested were 2nd or 3rd sons because inheritance went to first sons. Hoping to make a profit by finding gold, except there wasn"t any. Wanted to raise cash crops (silk, but couldn"t be grown) and trade with indians, most of them died. 75-80% ended up dying the first couple of years. Experimented w/ growing their own tobacco huge hit in england, but sons didn"t want to be field hands.
