In: Economics
The Mayflower Compact was a set of self-governance rules developed by the English settlers who were traveling on the Mayflower to the New World. When Pilgrims and other settlers set off for America on the ship in 1620, they set out to lay anchor in northern Virginia. Yet after dangerous shoals and storms swept their ship off course, then the settlers landed in Massachusetts, close to Cape Cod, beyond the jurisdiction of Virginia.
Pilgrim leaders decided to quench the uprising until it got hold of it. After all, it would be difficult enough to create a New World colony without rank-and-file dissent. The Pilgrims understood that to make the colony prosperous, they needed as many efficient, law-abiding souls as possible. With this in mind, they set out to establish a provisional set of laws to rule themselves as decided by majority.
On November 11, 1620, the Mayflower Compact was signed by 41 adult male colonists, including two indentured servants, though this was not named at the time.