Why did King James I grant a charter to the Virginia Company? (1 point) O to set up a trading post with the Powhatan
O to set up a trading post for corn and turkeys
O to set up a colony to produce tobacco
O to set up a colony that made a profit
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Explanation:

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/

At the time, Virginia was the English name for the entire eastern coast of North America north of Florida; they had named it for Elizabeth I, the “virgin queen.” The Virginia Company planned to search for gold and silver deposits in the New World, as well as a river route to the Pacific Ocean that would allow them to