The first important event is the actual settlement of Jamestown in the Virginia colony in 1607. They struggled beginning, but they realized that tobacco was a profitable crop. Then in 1619 the Virginia Company creates the House of Burgesses and headright system. One of the most important events in colonial history is 1619, where the first African slave arrived in the colonies. This is a vital part in our history because affects our economic labor. The slaves were different from indentured servants. Most of the indentured servants died before their whole term for serving. Slaves did not have a term for serving and any of the offspring was the owners for labor. One of the social changes is when slaves become popular to own. That became the new social structure for the slave-owing South. For Maryland, one particular person affected the colony, …show more content…
Where it had a lasting impact on how our future economics we be and how it operated. Britain gave us our foundation, whether the colonist like how they did it or not. The economic idea Britain had in mind was trying to use mercantilism. Where nations would trade and almost be a contest on who would profit the most. That was not the role of the colonies, but for their superior, Britain. The role for the colonies was to be under Britain and support them economically. They would supply them with goods and raw materials. One of the most significant parts of the Navigation Acts was that only colonial or English ships could trade with colonies. Also, certain products could be sent to Britain. With that they taxed them on top of it. And the sales cannot be competing with Britain goods. Overall, Britain was neglecting the colonies and only is considered with them and their