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Tobacco would be the salvation not only of Jamestown but of the  state of Virginia. Tobacco remain a profitable case crop in the  region until the negative campaign against â¦the tobacco industry  decreased the demand.
Jamestown Settlement and the Starving Time. Jamestown, Virginia, was the site of the first permanent English settlement in the Americas. The settlers chose a location close to the water, hoping to establish a thriving community. The first joint-stock company to launch a lasting venture to the New World was the Virginia Company of London. The investors had one goal in mind: gold.