Under the direction of the Virginia Company armed with its royal charter, a couple hundred settlers made up of investors and indentured servants landed in Powhatan territory at Chesapeake Bay in 1607, sailed up the river, planted a cross, and built a fort to ward off the locals, naming it Jamestown in honor of their English king. Eight years later, in 1615, the Virginia Company's flagship Sea Venture was destined for Jamestown but ran aground, inspiring the shipwreck in the opening scene of Shakespeare's The Tempest, from which we get the chapter's title “A plague upon this howling” (Act 1, Scene 1). Disaster paved the way for 60 years of corporate political and economic control of Bermuda, importing unfree labor to collect its pearls and cultivate its tobacco. The Somers Isles Company, as it was then called, connected the archipelago to the Virginia mainland, and, through their shared joint-stock investors, they too were linked to several other contemporaneous company colonies in Newfoundland, New England, and Providence Island. Disaster might also be an apt term for describing the experience of settler migrants, stockholders, and Indigenous peoples dealing from the fallout and follies of early Jamestown, with disease, starvation, penury, and land encroachment all characterizing the opening years of the colony.
Down the eastern American seaboard from the north Atlantic to the Caribbean, English colonial territory in the New World was acquired not only through brazen military conquest, but also, initially, through the more surreptitious granting of royal charters to joint-stock companies for trade, settlement, and law-making. New World colonial companies propelled feudal-mercantilism across the sea, settling territory at a time of incoherence in the not-yet-sovereign European state system and during England's especially turbulent seventeenth century.