Why did chartered companies have private armies?

The chartered companies have private armies for protection.

Explanation:

The chartered companies have their armies and navies because of their occupations that led them to establish trading conduct outside their countries. They needed protection from people where they traded. They kept standing armies and forts to carrying out financial activities. Chartered companies were able to monopolize the markets, trade, slaves, extort tribute, seize land, and wealth to gain profits.

bloodiest single day of war   |   gettysburg

where the civil war ends for good   | appomattox court house

the first major land battle; south wins | bull run/manassas (va)

gives union control of the mississippi river |   vicksburg

lee’s first tactical defeat; big win for union |   fort sumter1

with lincoln's re-election |   atlanta

south wins

splits confederacy in two for the duration of the war,

antietam