True or False: Jamestown was founded for
economic purposes. (Economic means
dealing with money)


Answer :

Answer:

The first permanent English settlement in America was Jamestown, founded in 1607 as an economic venture. England wanted to establish an American colony to increase her wealth and power - to compete with other European nations. England hoped to find silver and gold in America.

Jamestown was intended to become the core of a long-term settlement effort, creating new wealth for the London investors and recreating English society in North America. The colonists arrived at Jamestown after a 4-month journey from London.

Explanation:

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