Lord John Berkeley and Sir George Carteret
Lord John Berkeley (left) and Sir George Carteret (right) were co-founders of New Jersey. They named it after the island of Jersey in the English channel. They advertised trial by jury, religious freedom, generous terms, and large tracts of land to attract settlers. However, New Jersey never became a large port city like the founders were hoping, so they sold their shares back to King Charles in 1702 and New Jersey became a royal colony.
New Jersey produced corn, wheat, and livestock, which kept their economy thriving. They also had the natural resource, iron ore, which was a key item.
New Jersey's founders, Lord John Berkeley and Sir George Carteret, were the leaders of the colony at first, but they didn't get the profit they wanted from it since New Jersey never became a major port city, and they sold it back to the King to become a royal colony.
Colonists were promised a trial by jury, and they continued to make local laws even when New Jersey was sold back to the king.