The problem of the colonists finding a marketable commodity was solved in 1612 when John Rolfe, experimenting with tobacco seeds ― possibly from Trinidad ― developed a marketable crop that could be exported to England. King James I would give the Virginia Company a monopoly on tobacco, making the trade even more profitable. He even allowed the company to set up a lottery to provide additional funds for the Jamestown venture, according to Historic Jamestowne.
Crony Capitalism since 1612!
That same year, the company allowed single women to travel to Jamestown, which in its early years had been a largely male-only settlement. The company hoped that women would encourage the Jamestown men to settle down, rather than return to England after making some money.
Diggity!
>The problem of the colonists finding a marketable commodity was solved in 1612 when John Rolfe, experimenting with tobacco seeds ― possibly from Trinidad ― developed a marketable crop that could be exported to England. King James I would give the Virginia Company a monopoly on tobacco, making the trade even more profitable. He even allowed the company to set up a lottery to provide additional funds for the Jamestown venture, according to Historic Jamestowne.
Crony Capitalism since 1612!
>That same year, the company allowed single women to travel to Jamestown, which in its early years had been a largely male-only settlement. The company hoped that women would encourage the Jamestown men to settle down, rather than return to England after making some money.
Diggity!
Crony Capitalism since 1612!
Diggity!