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: -In December 1606 the Virginia Company sent out three ships carrying approximately 105 colonists led by Christopher Newport. In May 1607 the colonists reached Virginia and founded the Jamestown Colony at the mouth of the James River.

Detailed explanation-3: -On May 14, 1607, the Virginia Company settlers landed on Jamestown Island to establish an English colony 60 miles from the mouth of the Chesapeake Bay.

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: -The Virginia Company was an English trading company chartered by King James I on 10 April 1606 with the object of colonizing the eastern coast of America. The coast was named Virginia, after Elizabeth I, and it stretched from present-day Maine to the Carolinas.