King James I granted a charter to the London Company (also called the Charter of the Virginia Company of London), an English joint stock company. It was established on October 26, 1606 with the purpose of establishing colonial settlements in North America.
He granted a charter or he granted charters ;
King James I granted the Virginia Company of London a charter in 1606, allowing wealthy merchants to organize settlements in America. This led to the establishment of Jamestown in 1607, which became the first permanent English settlement in North America. The company's efforts combined economic aims with religious motives, influencing future colonization efforts.
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