The Purpose and History of the Virginia Company

What accurately describes the purpose and history of the Virginia Company?

The Virginia Company was a joint-stock company with an English royal charter to settle the Virginia Colony, aiming to establish a profitable colony in North America.

The purpose and history of the Virginia Company can be accurately described as follows:

• The Virginia Company was a joint-stock company that received an English royal charter, allowing for the settlement of the Virginia Colony.
• The company was established in 1606 by King James I of England with the goal of establishing a profitable colony in North America.
• The company attracted investors who hoped to make a profit from the production of valuable commodities like tobacco.
• The settlement of Jamestown in Virginia in 1607 became the first permanent English colony in America and was an early success for the Virginia Company.

Overall, the purpose of the Virginia Company was to establish a profitable colony in North America under the authority of the English crown.