Establishing a Successful Colony in the New World

What were the main objectives of the Virginia Company?

Choose the correct option:

A. To establish a French colony in the New World

B. To bring profit to its shareholders and establish an English colony in the New World

C. To explore new trade routes to Asia

Answer:

The correct option is B. To bring profit to its shareholders and establish an English colony in the New World.

The main objectives of the Virginia Company were to bring profit to its shareholders and establish an English colony in the New World. This dual purpose was crucial for the Company's success in the early 17th century.

By seeking profit for its investors, the Virginia Company was able to secure financial backing for its colonial ventures. This financial support allowed the Company to fund expeditions, establish settlements, and maintain operations in the New World.

At the same time, the Company was focused on establishing a permanent English presence in the Americas. This included building relationships with local indigenous tribes, developing agriculture and trade, and expanding English influence in the region.

By achieving these objectives, the Virginia Company laid the foundation for future English colonization in North America and paved the way for the establishment of the Jamestown settlement in Virginia.