All that Glitters...
Spanish ships returned home laden with treasure; the English had no doubt there was gold to be found in Virginia. Neglecting more pressing survival needs, all the men did was “dig gold, wash gold, refine gold, load gold,” wrote the exasperated Captain John Smith. He was even more disgusted to report that the “gold” proved naught but “gilded dirt”.
Did You Know?
In 1606, an English joint stock company was formed to establish settlements on the east coast of North America. This company included The Virginia Company of London (which founded Jamestown) and The Virginia Company of Plymouth (which established Popham, a short-lived settlement in Maine).