may 14, 1607 - Jamestown Founded

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In 1606, King James I granted a charter to a new venture, the Virginia Company, to form a settlement in North America. 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 establish trade with the Orient. The significance is that the first town here was used to allow trade. (history.com)

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