|
|
Article: Trading Companies
- Article from:
- Dictionary of American History
- Author:
CopyrightCOPYRIGHT 2003 The Gale Group Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
TRADING COMPANIES
TRADING COMPANIES
played an important part in colonial American settlement. Six incorporated British companies established settlements: the Virginia Company at Jamestown (1606), the London and Bristol Company at Sagadahoc (1610), the Council for New England at Newfoundland (1620), the Bermuda Company at Bermuda (1622), the Massachusetts Bay Company at Salem (1629), and the Old Providence Company at Old Providence (1630). The Dutch used a similar organization to plant their settlement in New Netherland at New Amsterdam.
There were two types of trading companies: jointstock and associates. Joint-stock companies were legally incorporated by the crown by royal charter. ...