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Learn more about the Virginia Colony founded by the London Company in colonial America. It started as Jamestown in 1607 before becoming a royal colony Learn more about the Virginia Colony founded by the London Company in colonial America.
In 1606 King James I granted the Virginia Company of London a charter to establish a colony in Virginia. The hope was that the colony would furnish valuable raw materials to England so they would not have to be purchased from other countries. The colony would then become a market for Englandâs manufactured goods.