USA HISTORY

Detailed explanation-1: -The Virginia Company was formed both to bring profit to its shareholders and to establish an English colony in the New World. The Company, under the direction of its treasurer Sir Thomas Smith, was instructed to colonize land between the 34th and 41st northern parallel.

Detailed explanation-2: -The colony was a private venture, financed and organized by the Virginia Company of London. King James I granted a charter to a group of investors for the establishment of the company on April 10, 1606.

Detailed explanation-3: -The answer was a joint-stock venture, an early version of today’s corporations. Wealthy London gentlemen would buy a share in The Virginia Company, thus giving it the capital monies to start and supply a colony, and they hoped the colony returned a profit to them.

Detailed explanation-4: -The settlement became the first permanent English settlement in North America. The site for Jamestown was picked for several reasons, all of which met criteria the Virginia Company, who funded the settlement, said to follow in picking a spot for the settlement.

Detailed explanation-5: -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.