What happened to the virginia company once jamestown was settled

Posted By Admin @ September 03, 2022

Question:

What happened to the Virginia Company once Jamestown was settled? A. It became wealthy and powerful. B. The governors disbanded it. C. The Queen bought it. D. It went bankrupt.

Answer:

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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