SETTLING NORTH AMERICA 1497 1732
THE MIDDLE COLONIES NEW YORK DELAWARE NEW JERSEY PENNSYLVANIA
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
True
|
|
|
False
|
|
|
Either A or B
|
|
|
None of the above
|
Detailed explanation-1: -In 1621, the parliament of the Dutch Republic awarded a charter to the Dutch West India Company (a private joint stock corporation) granting it a 24-year monopoly on trade and colonization that included the American coast between Newfoundland and the Straits of Magellan.
Detailed explanation-2: -In 1621, the Estates-General of the Netherlands founded the Dutch West India Company to develop its American claims, hoping to repeat its success with the Dutch East India Company. Its purpose was to open trade in North and South America, build forts, maintain troops, and challenge Spanish trading in the West Indies.
Detailed explanation-3: -It was not until 1606 that the Virginia Company of London received a charter from the newly-crowned King James I. Following the precedent set by other companies such as the Moscovy Company and East India Company, the Virginia Company was a joint-stock company, which sold shares.
Detailed explanation-4: -The Virginia Company, a joint-stock company created by royal charter of James I of England in 1607, was responsible for the first permanent English settlement in the New World, Jamestown, in modern day Virginia.