The Massachusetts Bay Company was the commercial venture founded by John Winthrop and chartered by King Charles I in 1629 to establish a colony in New England. The company founded the Massachusetts Bay Colony in 1630 as a theocratic Puritan settlement.
The Massachusetts Bay Colony was settled in 1630 by a group of English Puritans who left England to escape religious persecution. The Puritans in Massachusetts Bay Colony established a strict theocratic government. In 1684 the Crown, concerned about colony’s growing independence, annulled the colony’s charter and created a royal government under a new charter in 1691.