English started exploration 100 years after Spain to North America.
Joint-stock companies were formed - people buy shares of the company and they shared the costs, profits, and risks as well.
Jamestown the first English colony - founded by London Company
Charter: a written document (contract) that gives certain rights to the holder.
King James gave charter to London Company
Problems for settlers: Swampy land, unable to grow crop, no fresh water, die from hunger and disease
They started solving these problem by making friends with natives.
Algonquins saved them. They trade food with each other.
Indentured servant: 7 years slavery in colony to pay off the cost for England, after which they will be free.
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