Can anyone explain the The First Charter of Virginia; April 10, 1606 (10 points)

Question

i wanted to read whole thing but it was so boring and confusing

help!!!

Answer 1

After 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 on April 10, 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. An overlapping portion in between was part of the competition.

The Virginia Company refers collectively to a pair of English joint stock companies chartered by James I in 1606 with the purposes of establishing settlements on the coast of North America[1]. The two companies, called the "Virginia Company of London" (or the London Company) and the "Virginia Company of Plymouth" (or Plymouth Company) operated with identical charters but with differing territories. An area of overlapping territory was created. Within the area of overlap, the two companies were not permitted to establish colonies within one hundred miles of each other. The Plymouth Company never fulfilled its charter and its territory that later became New England was then also claimed by France.

The charters of the companies called for a local council for each, but with ultimate authority residing with the King through the Council of Virginia in England.