how did one trading company get ahead of other trading companies in the colonial race?what was the result
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TRADING COMPANIES. The early seventeenth century saw the foundation of Dutch and English trading companieswith exclusive rights over vast areas in various parts of the globe. These organizations were essentially merchant guilds that represented an "institutional innovation" that enabled them to conduct large-scale trade with distant shores. They came to exercise functions that were usually the prerogative of national states. The main companies were the East India Company, or EIC (1600–1858), the Hudson's Bay Company (founded in 1670 and still active) and the Royal African Company (1672–1750), all English, as well as the Dutch East India Company, or VOC (Vereenigde Oost-Indische Compagnie, 1602–1799) and the Dutch West India Company, or WIC (1621–1791). Imitation companies were established in numerous states, including Denmark, France, Genoa, Portugal, and Sweden.
The commercial success of Dutch fleets in Asia led to the foundation of the two foremost East India companies. The return of four Dutch ships from the Indian Ocean in 1599 laden with spices prompted the English Parliament to award a monopoly of trade with the East Indiesto the EIC (31 December 1600). Whereas the English Russia and Turkey Companies had previously failed to get access to spices through the Asian land routes, the English would henceforth use only the route around the Cape of Good Hope. Across the English Channel, the so-called pre-companies, regionally based Dutch organizations that had actively traded with the East Indies since 1595, were liquidated to make way for the VOC. On 20 March 1602, the Dutch States-General granted the VOC a national monopoly that was similar in nature to that of the EIC.
TRADING COMPANIES. The early seventeenth century saw the foundation of Dutch and English trading companieswith exclusive rights over vast areas in various parts of the globe. These organizations were essentially merchant guilds that represented an "institutional innovation" that enabled them to conduct large-scale trade with distant shores. They came to exercise functions that were usually the prerogative of national states. The main companies were the East India Company, or EIC (1600–1858), the Hudson's Bay Company (founded in 1670 and still active) and the Royal African Company (1672–1750), all English, as well as the Dutch East India Company, or VOC (Vereenigde Oost-Indische Compagnie, 1602–1799) and the Dutch West India Company, or WIC (1621–1791). Imitation companies were established in numerous states, including Denmark, France, Genoa, Portugal, and Sweden.
The commercial success of Dutch fleets in Asia led to the foundation of the two foremost East India companies. The return of four Dutch ships from the Indian Ocean in 1599 laden with spices prompted the English Parliament to award a monopoly of trade with the East Indiesto the EIC (31 December 1600). Whereas the English Russia and Turkey Companies had previously failed to get access to spices through the Asian land routes, the English would henceforth use only the route around the Cape of Good Hope. Across the English Channel, the so-called pre-companies, regionally based Dutch organizations that had actively traded with the East Indies since 1595, were liquidated to make way for the VOC. On 20 March 1602, the Dutch States-General granted the VOC a national monopoly that was similar in nature to that of the EIC.
madhanvicky2005:
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gye
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