yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

Early English settlements - Jamestown


3m read
·Nov 11, 2024

In the last video, we talked about the short-lived and highly unsuccessful English colony at Roanoke Island, which disappeared pretty much without a trace and even today is still known as the Lost Colony.

So, as late as 1585, England had still not successfully established a New World colony. Well, all of that is about to change in 1607 when the Virginia Company, a joint-stock company or an early precursor to the modern corporation, which spread out both the shares, the wealth, and the risk of an expedition like one headed to the New World, received a charter for New World exploration from King James I, who had now taken over for Queen Elizabeth. Their goals were kind of the same as many of the goals of explorers in this time period. They wanted to find gold; they wanted to find a passage to the Indies that might make it easier for them to get the luxurious materials, like spices and silk, that were so expensive to get over the land route that was the Silk Road. James, in particular, was hoping that they could maybe get one up on the Spanish, who had been doing so well for more than a hundred years in the West Indies.

Now, one of the important things to note about this is that no one who went to Virginia expected to set up a colony there and live there for the rest of their lives. What they expected was to go for a couple of years, mine tremendous amounts of gold, which they hoped were, you know, lying in giant piles all over the ground, get tremendously wealthy, and live like kings for the rest of their lives in Europe. So, this Virginia Company expedition was intended to be short-term, but as it'll turn out, that will not be the case.

So, how did things go for the Virginia Company compared to the Roanoke Island colonists? Well, you know, not terrifically better. They sailed in early 1607 into the Chesapeake Bay, and they spent some time looking for what might be a good place to settle. They eventually chose a site here on what they'll name the James River for King James, and in the town that they'll call Jamestown for the same reason.

It's hard to overstate how terrible the land that they chose at Jamestown was, and it was terrible for a couple of reasons. One reason is that the soil isn't terrifically good there; it's marshy, and it's not great for growing subsistence crops, which you'll need to survive. More importantly, it's buggy. By buggy, I mean that there are tons of mosquitoes, and mosquitoes carry diseases like, say, yellow fever and malaria. Those mosquito-borne diseases will have a tremendous effect, a huge death toll, for the early settlers at Jamestown.

The other thing I can't overstate about the colonists at Jamestown was just how incredibly unprepared and unsuited they were to be colonists in the New World. Remember, this was essentially a get-rich-quick scheme. Well, who are the sort of people who'd like to get rich quick? Investors, for the most part. These were gentlemen, and the English definition of a gentleman is really someone who has title, someone who has status, someone who does not work with his hands.

All through that first summer, when they probably should have been planting crops to try to survive through the winter, instead, these gentlemen were busy looking for gold. This means that when winter rolled around, things got pretty dire at Jamestown, and we'll talk about that in the next video.

More Articles

View All
Peter Lynch’s Warning for the 2023 Recession
All right, I’m Becky Quick. I’m Andrew Sorkin. We’re going to Legendary investor Peter Lynch. He’s with us. Oh my God, oh my God, oh my God. Okay, it’s happening! Everybody stay calm! What’s your procedure? [Applause] By what you know is what Peter taug…
A Quick Guide to Stock Market Investing (For Complete Beginners)
[Music] Hey guys, welcome back to the channel! We’re continuing on with the new money advent calendar. Today, I’m going to keep this video quite short because, let’s be real, you’ve been seeing a lot of my face over the past couple of weeks. So, in this…
What are SMART goals and why do they matter? | Financial goals | Financial Literacy | Khan Academy
So let’s talk a little bit about smart goals when it comes to your finances. When I say smart goals, I’m not just saying well-thought-out or intelligent goals, although I guess it could be that. I’m talking about the acronym S-M-A-R-T: smart goals. Now, …
Introduction at Startup School NY 2014
Hi everybody. Ya’ll realize this is the first Startup School here in the amazing, one of a kind, unparalleled, New York City. It’s exciting! Yes. This is the city that made me. I’m from Brooklyn, anyone from Brooklyn here? [audience cheering] There’s some…
2015 AP Calculus AP 2b | AP Calculus AB solved exams | AP Calculus AB | Khan Academy
Part 2b: Region S is the base of a solid whose cross sections perpendicular to the x-axis are squares. Find the volume of the solid. All right, so region S we see it right over here. In the last part, we already said that this function is f and this func…
Hess's law | Thermodynamics | AP Chemistry | Khan Academy
Hess’s law states that the overall change in enthalpy for a chemical reaction is equal to the sum of the enthalpy changes for each step, and this is independent of the path taken. So it doesn’t matter what set of reactions you use; if you add up those rea…