Article: Trading Companies

TRADING COMPANIES

TRADING COMPANIES. The early seventeenth century saw the foundation of Dutch and English trading companies with 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 ...

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