Charters played a crucial role in the history of British colonialism by granting rights and privileges to colonial ventures. These documents authorized trade, settlement, and governance in new territories, providing legitimacy to exploit resources. Charters often reflected the interests of the monarchy and investors, facilitating the establishment of companies like the East India Company. By delineating boundaries and setting colonial administration, charters enabled Britain to expand its empire, impacting indigenous populations and shaping global trade dynamics that would last for centuries.