King James I granted a charter to the Virginia Company primarily to set up a colony that made a profit. The Virginia Company was established with the purpose of promoting English colonization in North America, and its ultimate goal was to generate wealth through various means, including trade and resource extraction. While tobacco became a significant cash crop later on, the initial objective of the charter was to have a profitable colony.
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Why did King James I grant a charter to the Virginia Company?
to set up a trading post for corn and turkeys to set up a colony that made a profit to set up a colony to produce tobacco to set up a trading post with the Powhatan
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