Plymouth Company facts for kids
The 1606 grants by James I to the London and Plymouth companies. The overlapping area (yellow) was granted to both companies on the condition that neither found a settlement within 100 miles (160 km) of the other. Jamestown is noted by "J." The Spanish settlement of Saint Augustine, the French settlements of Québec and Port-Royal, and Popham are also shown
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Trade name
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Plymouth Company |
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| Division of the Virginia Company | |
| Industry | Maritime transport, trade |
| Fate | Dissolved |
| Founded | (10 April 1606) at Westminster, England |
| Founder | James I |
| Defunct | 24 May 1624 |
| Headquarters |
,
England
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Area served
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New England |
| Products | Cash crops, timber |
The Plymouth Company, officially known as the Virginia Company of Plymouth, was a division of the Virginia Company with responsibility for colonizing the east coast of America between latitudes 38° and 45° N.
History
The merchants agreed to finance the settlers’ trip in return for repayment of their expenses plus interest out of the profits made. The Plymouth Company established the one-year Popham Colony in present-day Maine in 1607, the northern answer to Jamestown Colony. The Popham Colony was abandoned in 1608. In 1620, after years of disuse, the Plymouth Company was revived and reorganized as the Plymouth Council for New England. With a new charter, the New England Charter of 1620. The Plymouth Company had 40 patentees at that point, and established the Council for New England to oversee their efforts, but it stopped operating in 1624; that was when these former plantations were dissolved and became Royal Colonies.
