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What did King James I give to the Virginia Company to start the colony of Virginia?

User Wking
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granted the Virginia Company of London a charter to establish a colony
User David Fox
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What happened first, was that the wealthy gentlemen of London bought a part in The Virginia Company, to start and supply a colony, and hoped that the colony would return a profit.

The King James I granted The Virginia Company a royal charter for the colonial search in 1606, with which the Company had the power to appoint a Council of leaders of the colony, a Governor and other officials.

The company's plan was to identify profitable commodities, such as gold and silver in Virginia, to reimburse investors in England.

User Castilho
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