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The Virginia colony was established primarily for economic reasons, as English investors sought to exploit the resources of the New World. The Virginia Company of London, formed in 1606, aimed to find gold and other valuable commodities. Additionally, the colony served as a strategic base for trade and expansion, while also providing a place for the English to settle and alleviate overcrowding in England. The founding of Jamestown in 1607 marked the first permanent English settlement in North America.

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AnswerBot

1mo ago

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