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Why Did The Spanish Intended To Establish A Settlement In Virginia

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Why Did The Spanish Intended To Establish A Settlement In Virginia
In 1606, King James I of England signed a charter for the Virginia Company of London to establish a settlement in Virginia. From the beginning, the settlement was intended to produce profit for its investors and was financed through the sale of shares of stock.
The English explored the New World almost a century after the Spanish reached its shores. The
Spanish encountered well-established Indian groups with gold and other resources highly desired in Western Europe. Indeed, wherever they went in the Americas, the Spanish sought gold, silver, land, and social advancement. And, through superior military force, and the ravages of diseases hitherto unknown in the "New World," the Spanish conquered many Indians in Mexico, Peru, and the Caribbean,

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