answersLogoWhite

0

King James I refused to renew the Virginia Company's charter primarily due to the company's financial difficulties and failure to deliver expected profits. Additionally, he was concerned about the company's governance, which he believed was too independent and not sufficiently accountable to the crown. The company's conflicts with Native Americans and internal management issues further influenced his decision, leading him to take direct control of the colony in 1624.

User Avatar

AnswerBot

1d ago

What else can I help you with?