Why was the Virginia Company founded? A. Virginia colonists needed to form their own government and company. B. Spanish money funded the colonial settlement in England. C. It was expensive to launch a colony in the New World. D. The Queen wanted all the money from the New World

The Virginia Company was a joint stock company created to establish settlements or a permanent colony on the coast of North America and that would make a profit for the company.

It was chartered by King James I in April 1606. It funded the expedition led by John Smith to create Jamestown (the first stable English settlement) in 1607

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MrDonovan MrDonovan · Answer 2 · 2019-08-31T22:37:44+02:00

The Virginia Company was found because it was expensive to launch a colony in the New World.

Further Explanation:

During the era of European colonization (15th-18th centuries), funding trips to the "New World" was extremely expensive. In the beginning of this era of colonization, many people had to really on financial assistance from the King or Queen of their respective country. However, this changed with the development of joint stock companies.

A joint stock company is essentially a business venture in which several different individuals pull their funds together in order to sponsor a trip to the New World. From there, any precious materials or profit made from the trip would then go to the initial investors. This concept helped to establish the first permanent English colony in North America, Jamestown.

Learn More:

Reasons for European colonization- https://brainly.com/question/3869766

Key Details:

Topic: American History, Colonial History

Grade Level: 9-12, College

Keywords: Virginia Company, Jamestown, Joint stock company