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23 January, 07:34

Why was the Virginia Company founded

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  1. 23 January, 07:37
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    To establish permanent colonies in the America that would generate profits.

    The goal of the Virginia Company was basically to establish a permanent colony in America that would make a profit for the Company. The company, chartered by King James I in April, 1606 comprised of two joint stock companies. The companies however failed in 1624.
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