Risk Management & Assessment Flashcards

Which event during the winter of 1609–1610 nearly ended the Jamestown colony?

Answer: The Starving Time

Famine, disease, and conflict killed most Jamestown settlers during the Starving Time.

Which cash crop, popularized by John Rolfe, reduced the economic risk of the Virginia colony?

Answer: Tobacco

Tobacco gave Virginia a profitable export that made the colony financially viable.

What was the purpose of the headright system in Virginia?

Answer: To grant land to attract settlers and labor

Headrights granted about 50 acres per person transported, encouraging settlement.

The Virginia House of Burgesses, established in 1619, was significant because it was:

Answer: The first representative legislative assembly in English America

It gave colonists a voice in government and became a model for self-rule.

What was the main cause of Bacon's Rebellion in 1676?

Answer: Frontier settlers' anger at Governor Berkeley's Native American policy

Nathaniel Bacon led frontier settlers who felt Berkeley did not protect them from Native American attacks.

Why was the Virginia Company of London organized as a joint-stock company?

Answer: To spread financial risk among many investors

Investors pooled money so no single person bore the full cost of a risky venture.

What was a goal of the Proclamation of 1763?

Answer: Reduce conflict with Native Americans by limiting western settlement

Britain banned settlement west of the Appalachians to avoid costly frontier wars.