The Virginia Company of London was a joint-stock company chartered by King James I in 1606 to establish a colony in North America. Such a venture allowed the Crown to reap the benefits of colonization—natural resources, new markets for English goods, leverage against the Spanish—without bearing the costs.
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Explanation:
European nations came to the Americas to increase their wealth and broaden their ... to explore the New World and the first to settle in what is now the United States. ... By 1770, more than 2 million people lived and worked in Great Britain's 13 ...
Britain also needed money to pay for its war debts. The King and Parliament believed they had the right to tax the colonies. They decided to require several kinds of taxes from the colonists to help pay for the French and Indian War.
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