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The '''Massachusetts Bay Company''' was established by royal charter in 1629 as a joint stock company to promote trade and colonization along the Merrimack and Charles rivers in [[New England]].  

[[Image:John Winthrop.jpg|thumb|200px|John Winthrop, first governor]]The '''Massachusetts Bay Company''' was established by royal charter in 1629 as a joint stock company to promote trade and colonization along the Merrimack and Charles rivers in [[New England]].  

Its [[Puritan]] stockholders won the right to acquire all of the company's stocks and the company became self-governing and elected John Winthrop as its first governor in 1629. Puritan settlers began what would become the Great Puritan Migration. The first group arrived in [[Salem]] in 1630 and later established a settlement in [[Boston]].

Its [[Puritan]] stockholders won the right to acquire all of the company's stocks and the company became self-governing and elected John Winthrop as its first governor in 1629. Puritan settlers began what would become the Great Puritan Migration. The first group arrived in [[Salem]] in 1630 and later established a settlement in [[Boston]].