King James I granted a charter to the Virginia Company to set up a colony that made a profit. The main aim was to establish a settlement that could generate income through various means, including trade and the production of cash crops like tobacco.
Why did King James I grant a charter to the Virginia Company?(1 point) Responses to set up a trading post with the Powhatan to set up a trading post with the Powhatan to set up a colony that made a profit to set up a colony that made a profit to set up a colony to produce tobacco to set up a colony to produce tobacco to set up a trading post for corn and turkeys
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