Jamestown and the Settlement of Virginia

Jamestown and the Settlement of Virginia — page 7
the colonizing and trade expeditions the companies sold shares to individuals Turning toward investment in the New World England laid claim to all land from Newfoundland to Florida The vast region was named Virginia after Queen Elizabeth who was known as the Virgin Queen To accomplish the goal of establishing colonies in the New World two new companies were formed the Virginia Company of London and the Virginia Company of Plymouth In April 1606 Queen Elizabeth’s successor James I signed a charter authorizing the Virginia Company of London to explore and make habitation on behalf of England The Charter of 1606 begins Whereas our loving and weldisposed subjects and divers various others of our loving subjects have been humble sutors unto us that wee woulde vouchsafe unto them our licence to make habitacion plantacion and to deduce a colonie of sondrie of our people into that parte of America commonly called Virginia and other parts and territories in America either appartaining unto us or which are not nowe actuallie possessed by anie Christian prince or people scituate lying and being all along the sea coastes between fower and thirtie degrees of northerly latitude King James gave the Virginia Company of London all the land between present-day North Carolina and New York Investors called adventurers lined up to buy shares in the company Not only were nobles getting involved but numerous individuals invested They expected quick and sizeable profits from the New World Just as Spain and Portugal found copper gold silver and precious gems and minerals throughout much of their New World holdings British investors projected the same outcome for themselves 10 Jamestown and the Settlement of Virginia