What did the Virginia company of London do?

Answer 1

(also called theCharter of the Virginia Company of London) was an English joint stock company established by royal charter by James I of England on April 10, 1606 with the purpose of establishing colonial settlements in North America. It was not founded as a joint stock company, but became one under the 1609 charter. It was one of two such companies, along with the Plymouth Company, that was granted an identical charter as part of the Virginia Company. The London Company was responsible for establishing the Jamestown Settlement, the first permanent English settlement in the present United States in 1607, and in the process of sending additional supplies, inadvertently settled the Somers Isles (present day Bermuda), the oldest-remaining English colony, in 1609.

The territory granted to the London Company included the coast of North America from 34th parallel (Cape Fear) north to the 41st parallel (in Long Island Sound), but being part of the Virginia Company and Colony, the London Company owned a large portion of Atlantic and Inland Canada. The company was permitted by its charter to establish a 100-square-mile (260 km2) settlement within this area. The portion of the company's territory north of the 38th parallel was shared with the Plymouth Company, with the stipulation that neither company found a colony within 100 miles (161 km) of each other.

The London Company made landfall on April 26, 1607 at the southern edge of the mouth of the Chesapeake Bay, which they named Cape Henry, in present day Virginia Beach. Deciding to move the encampment, on May 24, 1607 they established the Jamestown Settlement on the James River about 40 miles (64 km) upstream from the mouth of the Chesapeake Bay. Later in 1607, the Plymouth Company established its Popham Colony in present day Maine, but it was abandoned after about a year. By 1609, the Plymouth Company had dissolved. As a result, the charter for the London Company was adjusted with a new grant that extended from "sea to sea" of the previously-shared area between the 34th and 40th parallel. It was amended in 1612 to include the new territory of Bermuda.

The London Company struggled financially for a number of years, with results improving after sweeter strains of tobacco than the native variety were cultivated and successfully exported from Virginia as a cash crop beginning in 1612. In 1624, the company lost its charter, and Virgina became a royal colony.

Answer 2

they set up the Virginia Company.