USA HISTORY

Detailed explanation-1: -King James I granted the Virginia Company a charter to establish a colony in North America somewhere between the 34th and 41st parallel. The company immediately began selling shares for 12 pounds and 10 shillings to investors, called ‘adventurers, ’ to aid in the establishment of a colony in this designated area.

Detailed explanation-2: -On April 10, 1606, King James I of England granted the following charter to the investors of the Virginia Company of London. It permitted them to settle a swath of the North American coast and led to the establishment of Jamestown a year later.

Detailed explanation-3: -King James I granted the Virginia Company a royal charter for the colonial pursuit in 1606. The Company had the power to appoint a Council of leaders in the colony, a Governor, and other officials. It also took the responsibility to continually provide settlers, supplies, and ships for the venture.

Detailed explanation-4: -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.

Detailed explanation-5: -In 1607, 104 English men and boys arrived in North America to start a settlement. On May 13 they picked Jamestown, Virginia for their settlement, which was named after their King, James I. The settlement became the first permanent English settlement in North America.