Virginia Company of London
See also: Colony of VirginiaAfter the death of Queen Elizabeth I, in 1603 King James I assumed the throne of England. After years of war, England was strapped for funds, so he granted responsibility for England's New World colonization to the Virginia Company, which became incorporated as a joint stock company by a proprietary charter drawn up in 1606. There were two competing branches of the Virginia Company and each hoped to establish a colony in Virginia in order to exploit gold (which the region did not actually have), to establish a base of support for English privateering against Spanish ships, and to spread Protestantism to the New World in competition with Spain's spread of Catholicism. Within the Virginia Company, the Plymouth Company branch was assigned a northern portion of the area known as Virginia, and the London Company area to the south.
Read more about this topic: History Of Virginia
Famous quotes containing the words company and/or london:
“The old idea that the joke was not good enough for the company has been superseded by the new aristocratic idea that the company was not worthy of the joke. They have introduced an almost insane individualism into that one form of intercourse which is specially and uproariously communal. They have made even levities into secrets. They have made laughter lonelier than tears.”
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