During the 16th and 17th centuries the conditions in England were of great changes in both rural and urban areas. Therefore King James I granted the Virginia Company Of London - a joint stock formed by a group of merchants - the right to establish colonies in the New World. The leaders of the company sent skilled man because of the potential conflict with Spanish and Powhatan Indians, and the commanders of the voyage were Christopher Newpor, Bartholomew Gosnold, ohn Ratcliffe, and along with the crew was John Smith. However, when establishing colony in Jamestown, their expectations weren't fulfilled, and there was financial trouble, bad leadership, and non peaceful relationship with the Indians. Jamestown was named in honor of King James
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Tobacco made Virginia very economically successful, since Europeans were very addicted to it, and John Rolfe - who mixed Spanish and Indian tobacco - was the father of tobacco's industries. However tobacco made the land infertile which led to the need of more land and more conflicts with the natives, but it was the base for Virginia's financial gain - cash crops. Despite the success of tobacco crops and the new settlers, by 1621, the Virginia Company was severely in debt. With time, King James I grew hostile to Virginia because he detested tobacco. Therefore, in 1624, he revoked the charter of the bankrupt and troubled Virginia Company, thus making Virginia a royal colony directly under his control. Later on, the new settlers learned how to be self sufficient and to survive the work in the land, also to focus on survival before profiting, which resulted in the trade with Africa for slave work. They were very successful in agriculture, and plantations were their biggest profit, which made southern colonies become proprietary colonies, since they ran as a business and profited from cash
Tobacco made Virginia very economically successful, since Europeans were very addicted to it, and John Rolfe - who mixed Spanish and Indian tobacco - was the father of tobacco's industries. However tobacco made the land infertile which led to the need of more land and more conflicts with the natives, but it was the base for Virginia's financial gain - cash crops. Despite the success of tobacco crops and the new settlers, by 1621, the Virginia Company was severely in debt. With time, King James I grew hostile to Virginia because he detested tobacco. Therefore, in 1624, he revoked the charter of the bankrupt and troubled Virginia Company, thus making Virginia a royal colony directly under his control. Later on, the new settlers learned how to be self sufficient and to survive the work in the land, also to focus on survival before profiting, which resulted in the trade with Africa for slave work. They were very successful in agriculture, and plantations were their biggest profit, which made southern colonies become proprietary colonies, since they ran as a business and profited from cash