The first financially successful English colony in the New World was Jamestown.
Explanation:
Jamestown was the first permanent English settlement in North America. It was founded in 1607 on an island in the James River in Virginia and named after King James I of England.
It was under the supervision of the Virginia Company of London. In the early years, none of the colony's original goals were achieved. Instead, the settlement faced extinction several times in the early days due to fighting with the Indians, the outbreak of diseases and an ongoing food shortage. The economic situation of the colony did not change until 1612, when tobacco was planted, which subsequently developed into Virginia's most important export commodity.
In 1699 the seat of government was moved from Jamestown to Williamsburg and the settlement was abandoned.
