Virginia --> The Virginia Company
The Virginia Company was founded by English stock companies and it was a combination of the Plymouth and London companies. The Virginia company was chartered by King James I on April 10, 1606. Even though, the royal crown of England owned the Virginia Company, the settlers in New World were able to govern themselves. In order to finance the voyages to settle in the New World, the English encouraged individuals to purchase shares of stocks in the New World. This would help in the expenses of overseas settlement. Money would also contribute to the purchase of ships and supplies as well as to recruit laborers.
Merchants hoped that new industries would be developed and King James I wanted Protestant Catholicism to be the established religion in the colonies. There were also hopes that the New World would become a trade market for English goods and the finding of the Northwest Passage. However, the Virginia Company encountered an early problem: not every person wanted to buy stock in the Americas. The only way for the English to make money was from running lotteries.
The London Company settled Jamestown by John Smith and Sir Thomas Gates was the governor of the Virginia Colony. It was established on May 14,1607. John Smith made alliances with the Powhattan tribe until both waged in war. On the other hand, the Plymouth Company established their settlements in Chesapeake Bay. Before the Pilgrim settlement in Plymouth, Massachusetts, the Plymouth Company established the Potham Colony in what is now present day Maine. The Pilgrims arrived one year later and formed Plymouth Colony in which they engaged with the Patuxet, Wampanoag, Mohagan and Nipmuck tribes.
Merchants hoped that new industries would be developed and King James I wanted Protestant Catholicism to be the established religion in the colonies. There were also hopes that the New World would become a trade market for English goods and the finding of the Northwest Passage. However, the Virginia Company encountered an early problem: not every person wanted to buy stock in the Americas. The only way for the English to make money was from running lotteries.
The London Company settled Jamestown by John Smith and Sir Thomas Gates was the governor of the Virginia Colony. It was established on May 14,1607. John Smith made alliances with the Powhattan tribe until both waged in war. On the other hand, the Plymouth Company established their settlements in Chesapeake Bay. Before the Pilgrim settlement in Plymouth, Massachusetts, the Plymouth Company established the Potham Colony in what is now present day Maine. The Pilgrims arrived one year later and formed Plymouth Colony in which they engaged with the Patuxet, Wampanoag, Mohagan and Nipmuck tribes.