What happened to the virginia company once jamestown was settled?

Asked by maham237 @ 02/07/2021 in History viewed by 370 People

A. It became wealthy and powerful. B. The governors disbanded it. C. The Queen bought it. D. It went bankrupt.

Answered by maham237 @ 02/07/2021

Answer;

D. It went bankrupt

The Virginia Company went bankrupt once Jamestown was settled.

Explanation;

Jamestown was the first permanent, stable English settlement in North America.

The Virginia Company was founded as a joint stock company in order to establish colonial settlements in North America.

The plan of the company was to identify profitable raw materials such as gold and silver in Virginia to repay the investors back in England.

Initial reaction to the company was favorable, however the mortality rate at Jamestown rose and the prospect for profit grew dim, financial support waned.

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What happened to the virginia company once jamestown was settled?

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