The name of the first successful settlement in Virginia is Jamestown, established in 1607. Founded by English colonists under the Virginia Company, Jamestown was the first permanent English settlement in North America. The settlement faced numerous challenges, including harsh living conditions, food shortages, and conflicts with Indigenous peoples. Despite these difficulties, Jamestown eventually became a focal point for the cultivation of tobacco, which became a staple cash crop that significantly contributed to the economy of the colony. The settlement's establishment marked the beginning of a lasting English presence in North America.