What are the Hudson's Bay Company, The Virginia Company, The Plymouth Company, and The Massachusetts Bay Company examples of?
(A)Economic parties
(B)Mercantilism group
(C)Chartered companies
(D)Trading corporation
Answers
Answer:
(C)Chartered companies
Explanation:
The Hudson's Bay Company, The Virginia Company, The Plymouth Company, and The Massachusetts Bay Company are examples of the chartered companies.
Chartered companies, a form of enterprise that emerged in the early modern era. It enjoyed certain rights and privileges, and under a special charter given to it by the supreme authority of the state, it was bound by certain obligations, specifying and restricting certain rights, privileges and obligations and the localities in which they were to be exercised.
The English chartered companies in North America had both a colonial purpose and a trade purpose. Although the Hudson's Bay Company was almost entirely engaged in trade, most companies like the London Company, the Plymouth Company, and the Massachusetts Bay Company were directly involved in the colonization
The Hudson's Bay Company, the ‘Virginia Company’, the Plymouth Company, and the Massachusetts Bay Company are examples of Chartered companies.
Answer: Option C
Explanation:
The Chartered company, were trading companies that originated in Europe in the early years. They enjoyed certain ‘rights and privileges’ but they were bound by a specific charter with certain obligations. The charter defined the limits of their rights and privileges.
The English charter companies were directly involved with the settlement of the colonial people and trading. The activities of these companies increased during the period of overseas exploration of the British, Dutch and French governments.