King James I granted a charter to the Virginia Company primarily to set up a colony that made a profit. The Virginia Company was a joint-stock company aimed at establishing a settlement that would generate wealth for its investors through various means, including the cultivation of cash crops like tobacco, which ultimately became a significant focus. However, the broader goal was to create a profitable venture in the New World.
why did kings James I grant a charter to the Virginia Company.
to set up a colony to produce tobacco.
to set up a trading post with the Powhatan.
to set up a colony that made a profit.
to set up a trading post for corn and turkeys.
1 answer
1 answer