
Bankrupting Jamestown: The Strike That Destroyed a Corporation
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Jamestown is often taught as a triumph of American pioneer spirit. In reality, it was a hyper-capitalist, for-profit venture run by the Virginia Company of London, and it was an absolute financial disaster. Driven by the desperate need to report profits to shareholders, the colonial management aggressively expanded their tobacco plantations, entirely ignoring the strategic warnings of the indige...
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Jamestown is often taught as a triumph of American pioneer spirit. In reality, it was a hyper-capitalist, for-profit venture run by the Virginia Company of London, and it was an absolute financial disaster. Driven by the desperate need to report profits to shareholders, the colonial management aggressively expanded their tobacco plantations, entirely ignoring the strategic warnings of the indige...
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