Which colony was established primarily for economic purposes with the hope of increased trade and wealth?

The establishment of Jamestown in 1607 is indeed primarily associated with economic motivations. Founded by the Virginia Company, a joint-stock company, its primary objective was to generate profit through trade and resources. The settlers were enticed by the prospect of finding gold, silver, and other valuable commodities, as well as establishing a profitable plantation economy, particularly with the cultivation of tobacco, which would soon become a cash crop vital to the colony's success.

Additionally, Jamestown's location was chosen for its strategic advantages, including access to navigable waterways for trade. The hope was that the colony would contribute significantly to England's wealth and serve as a foothold for further expansion in the New World. As a result, Jamestown stands out among early English colonies as a venture deeply rooted in the desire for economic gain.

In contrast, other colonies like Georgia had social reform as a component of their establishment, North Carolina had a blend of agricultural development and migration, and Maryland was founded with religious freedom in mind as well as economic pursuits. Each of these colonies had multifaceted reasons for their establishment, but Jamestown's focus was squarely on economic exploitation and trading opportunities.