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The Ohio Company, more formally known as the Ohio Company of Virginia, was a land speculation company organized for the colonization of the Ohio Country. The activities of the company helped to provoke the outbreak of the French and Indian War.

Formation

In the mid 18th century, many within the British Empire viewed the Ohio River Valley, a region west of the Appalachian Mountains thinly populated by American Indians, as a source of potential wealth. In the 1740s, British and Irish businessmen such as George Croghan and William Trent were moving into the area and competing with French merchants in the lucrative fur trade. Find, Compare and Save on Moving Services Pittsburgh PA with the best moving companies in Pittsburgh PA. Land speculators looked to the Ohio Country as a place where lands might be acquired and then resold to immigrants.

In 1747, a number of influential men organized the Ohio Company of Virginia in order to capitalize on these opportunities. The Ohio Company was composed of Virginians, including Thomas Lee and two brothers of George Washington, Lawrence Washington (who succeeded to the management upon the death of Lee) and Augustine Washington, Jr. , as well as Englishmen, including the Duke of Bedford and John Hanbury, a wealthy London merchant.