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Article: Trading Companies
- Article from:
- Europe, 1450 to 1789: Encyclopedia of the Early Modern World
- Author:
CopyrightCOPYRIGHT 2004 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)
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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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