The areas of the Virginia Company founded and organized by
The Virginia Company refers collectively to two
As corporations, the companies were empowered by the Crown to govern themselves, and they conferred that right to their colonies. The Virginia Company failed in 1624, but the right to self-government was not taken away and the principle was established that a royal colony should be self-governing. This formed the genesis of democracy in America.
The original charter by King James in 1606 did not mention a Virginia Company or a Plymouth Company; these names were applied somewhat later to the overall enterprise. The Charter of 1609 stipulates two distinct companies, stating:
…that they shoulde devide themselves into twoe collonies, the one consistinge of divers Knights, gentlemen, merchaunts and others of our cittie of London, called the First Collonie; and the other of sondrie Knights, gentlemen and others of the citties of Bristoll, Exeter, the towne of Plymouth, and other places, called the Seccond Collonie….
The eastern seaboard of America was named Virginia from Maine to the Carolinas; Florida was under