King James I of England granted a charter to the Virginia Company of London to establish a colony in the New World.In a very real sense,this was an illegitimate grant on the part of James I.Provide a rationale for the statement that James's grant was illegitimate.Identify and discuss the benefits a corporate colony was supposed to provide to the monarchy and the Virginia Company.Finally,explain why King James I revoked the charter in 1624 and made Virginia a royal colony.
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