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Dec 31, 2015 · SUMMARY. The Virginia Company of London was a joint-stock company chartered by King James I in 1606 to establish a colony in North America. Such a venture allowed the Crown to reap the benefits of colonization—natural resources, new markets for English goods, leverage against the Spanish—without bearing the costs.
The first, the Virginia Company of London (now known generally as the "Virginia Company of London"), covered what is now Maryland, Virginia and Carolina, between latitude 34° and latitude 41° north. Gosnold's principal backers were Sir Thomas Gates, Sir George Somers, Edward Wingfield and Richard Hakluyt. [4][5]
Virginia Company, commercial trading company, chartered by King James I of England in April 1606 with the object of colonizing the eastern coast of North America between latitudes 34° and 41° N. Its shareholders were Londoners, and it was distinguished from the Plymouth Company , which was chartered at the same time and composed largely of men from Plymouth.
- The Editors of Encyclopaedia Britannica
The First Charter of Virginia, also known as the Charter of 1606, is a document from King James I of England to the Virginia Company assigning land rights to colonists for the creation of a settlement which could be used as a base to export commodities to Great Britain and create a buffer preventing total Spanish control of the North and South American coasts. [1]
England. Area served. Virginia and Summer Islands. Products. Cash crops, timber, tobacco. Divisions. London Company. Plymouth Company. The Virginia Company was an English trading company chartered by King James I on 10 April 1606 with the objective of colonizing the eastern coast of America.
The Virginia Company of London, so far as achieving its aims as a profitable stockholding company, was a dismal failure. Despite numerous creative and desperate attempts to make Virginia stable and financially successful, the investors never achieved a profit, while the colonists suffered from the factionalism and mismanagement by the administration on the other side of the Atlantic.
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A True Relation of Such Occurences and Accidents of Noate as Hath Hapned in Virginia by John Smith. The plan to colonize Virginia began in 1606 when a group of merchants formed the Virginia Company of London. James I gave the joint-stock company a charter to all the land between present-day North Carolina and New York, and the company attracted ...
