Virginia company


è Virginia Company, also called London Company or commercial trading company, chartered by King James I of England in April 1606 with the objective of colonizing the eastern coast of North America .
In December 1606 the Virginia Company sent out three ships carrying approximately 105 colonists led by Christopher Newport.
In May 1607 the colonists reached Virginia.
In 1619 the company established continental America’s first true legislature.
Despite increasing prosperity in Virginia over the following years, the company’s role came under attack as internecine disputes among the shareholders grew and as the king himself became offended both by the trend toward popular government in Virginia and by the colony’s efforts to raise tobacco.
The court ruled against the Virginia Company, which was then dissolved, with the result that Virginia was transformed into a royal colony.

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