Joint-stock company: A joint-stock company was a group of people that, through a system of exchanging capital and shares, were able to finance the colonies. In the system, if one company bought ten shares out of a hundred from another company, then the company that bought those shares would get 10 percent of the other’s profit. The same goes for losses.
Charter: A charter is an official granting of permission to do something like an expedition. In colonial times, the charter issued by King James I acted as the first and closest thing to a constitution for the two Virginia Companies’ proposed colonies. This is because it gave them granted them the right to settle in North America (by the Atlantic Coast) and gave them the rights and privileges that English people in England would have. …show more content…
He was a former soldier and twenty-seven years old/. He took over by force and made a system with the men: clear and cultivate the land, then get food as payment. Many resisted his rule at first, but eventually gave in to eat. He had a friendship with Pocahontas after, as legend states, she said him from her people. After a gunpowder explosion in 1609, John Smith left the colony.
Headright system: The headright system was a system introduced in 1618 by the Virginia Company. It allowed men land for payment, specifically fifty acres for him and every person that came with him. The headright system led to an increase in immigration.
Indentured servants: Indentured servants were people that moved to North America serving other people. They work for a certain number of years (usually seven), and then are released. Indentured servants were usually political prisoners or debtors sent by judges. This helped clear jails and unemployment in England.
Burgesses: Burgesses are representatives. The burgesses in Governor Yeardley’s council (Jamestown) made laws for the colony on July