Why Did John Smith Establish A Settlement In North America

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In the 1600s, John Smith at the age of 20, traveled across Europe, to help Hungary, in a war against the Turks. Smith was proposed from the Hungarians, a knighthood and he accepted. In 1606, he came in contact with a group of merchants, that were members of the Virginia Company. They were interested in establishing, an English colony in North America. After the encounter with the group, he remembered that he and other potential settlers, had many opportunities become available to them. Later, a small England settlement in North America would survive due to Smith’s leadership and in time, the production of profit from crops of tobacco. Their first try to have a colony in North America almost fell apart because of starvation and disease. In English colonies, joint-stock companies funded and cared for the colonies. Supporting a colony would sometimes be a profit for the supporters or investors, only if the colony survived. These supporters would have to combine or put their money together in order, for the colony to survive. And only stock companies allowed investors to do this. When the investors get an official permit or charter, responsibility was handed to a stock company, that accepted to take care of the colony. In exchange the investors had legal right to collect most of the profit, the colony would make. …show more content…
The company desired to have a colony founded along the eastern coast of North America, in the territory that was explored previously explored by Sir Walter Raleigh. This territory was named Virginia after Queen Elizabeth the first. The word “Virginia” means “the virgin queen.” Financial supporters were baited, by the Virginia Company, by being asked for a small investment. The stockholders (the Virginia Company) had a legal right to collect four-fifths of all silver and gold found by the colonists. The rest of the silver and gold, would be given to the
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