Chartered company in the context of "British East India Company"

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⭐ Core Definition: Chartered company

A chartered company is an association with investors or shareholders that is incorporated and granted rights (often exclusive rights) by royal charter (or similar instrument of government) for the purpose of trade, exploration, or colonization, or a combination of these.

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Chartered company in the context of East India Company

The East India Company (EIC) was an English, and later British, joint-stock company that was founded in 1600 and dissolved in 1874. It was formed to trade in the Indian Ocean region, initially with the East Indies (which included the Indian subcontinent and Southeast Asia), and later with East Asia. The company gained control of large parts of the Indian subcontinent and Hong Kong. At its peak, the company was the largest corporation in the world by various measures and had its own armed forces in the form of the company's three presidency armies, totalling about 260,000 soldiers, twice the size of the British Army at certain times.

Originally chartered as the "Governor and Company of Merchants of London Trading into the East-Indies," the company rose to account for half of the world's trade during the mid-1700s and early 1800s, particularly in basic commodities including cotton, silk, indigo dye, sugar, salt, spices, saltpetre, tea, gemstones, and later opium. The company also initiated the beginnings of the British Raj in the Indian subcontinent.

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Chartered company in the context of Dutch East India Company

The United East India Company (Dutch: Vereenigde Oostindische Compagnie [vərˈeːnɪɣdə oːstˈɪndisə kɔmpɑˈɲi]; abbr. VOC [veː(j)oːˈseː]), commonly known as the Dutch East India Company, was a chartered trading company and one of the first joint-stock companies in the world. Established on 20 March 1602 by the States General of the Netherlands amalgamating existing companies, it was granted a 21-year monopoly to carry out trade activities in Asia. Shares in the company could be purchased by any citizen of the Dutch Republic and bought and sold in open-air secondary markets, one of which became the Amsterdam Stock Exchange. The company possessed quasi-governmental powers, including the ability to wage war, imprison and execute convicts, negotiate treaties, strike its own coins, and establish colonies. Because it traded across multiple colonies and countries from both the East and the West, the VOC is sometimes considered to have been the world's first multinational corporation.

Statistically, the VOC eclipsed all of its rivals in the Asian trade. Between 1602 and 1796, the VOC sent nearly a million Europeans to work in the Asia trade on 4,785 ships, and netted for their efforts more than 2.5 million tons of Asian trade goods and slaves. By contrast, the rest of Europe combined sent 882,412 people from 1500 to 1795. The fleet of the English, later British East India Company, the VOC's nearest competitor, was a distant second to its total traffic, with 2,690 ships and one-fifth the tonnage of goods carried by the VOC. The VOC enjoyed huge profits from its spice monopoly and slave trading activities through most of the 17th century.

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Chartered company in the context of Virginia Company

The Virginia Company was an English trading company chartered by King James I on 10 April 1606 with the objective of colonizing the eastern coast of America. The coast was named Virginia, after Elizabeth I, and it stretched from present-day Maine to the Carolinas. The company's shareholders were Londoners, and it was distinguished from the Plymouth Company, which was chartered at the same time and composed largely of gentlemen from Plymouth, England.

The biggest trade breakthrough resulted after the adventurer and colonist John Rolfe introduced several sweeter strains of tobacco from the Caribbean. These yielded a more appealing product than the harsh-tasting tobacco native to Virginia. Cultivation of Rolfe's new tobacco strains produced a strong commodity crop for export for the London Company and other early English colonies and helped to balance a national trade deficit with Spain. The company failed in 1624, following the widespread destruction of the Great Massacre of 1622 by indigenous peoples in the colony, which decimated the English population. On 24 May, James dissolved the company and made Virginia a royal colony from England with propertied male colonists retaining some representative-government through the lower house, the House of Burgesses.

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Chartered company in the context of Dutch West India Company

The Dutch West India Company (Dutch: Geoctrooieerde Westindische Compagnie) was a Dutch chartered company that was founded in 1621 and went defunct in 1792. Among its founders were Reynier Pauw, Willem Usselincx (1567–1647), and Jessé de Forest (1576–1624). On 3 June 1621, it was granted a charter for a trade monopoly in the Dutch West Indies by the Republic of the Seven United Netherlands and given jurisdiction over Dutch participation in the Atlantic slave trade, Brazil, the Caribbean, and North America.

The area where the company could operate consisted of West Africa (between the Tropic of Cancer and the Cape of Good Hope) and the Americas, which included the Pacific Ocean and ended east of the Maluku Islands, according to the Treaty of Tordesillas. The intended purpose of the charter was to eliminate competition, particularly Spanish or Portuguese, between the various trading posts established by the merchants. The company became instrumental in the largely ephemeral Dutch colonization of the Americas (including New Netherland) in the seventeenth century.

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Chartered company in the context of Coinage of the Dutch East India Company

The Dutch East India Company (Dutch: Vereenigde Oostindische Compagnie, often known as VOC) was a chartered company which issued a considerable series of coinage in bronze, silver and gold for its territories in the Far East between 1602 and 1799.

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Chartered company in the context of Royal charter

A royal charter is a formal grant issued by a monarch under royal prerogative as letters patent. Historically, they have been used to promulgate public laws, the most famous example being the English Magna Carta (great charter) of 1215, but since the 14th century have only been used in place of private acts to grant a right or power to an individual or a body corporate. They were, and are still, used to establish significant organisations such as boroughs (with municipal charters), universities and learned societies, and were historically used to establish companies.

Charters should be distinguished from royal warrants of appointment, grants of arms, and other forms of letters patent, such as those granting an organisation the right to use the word "royal" in their name or granting city status, which do not have legislative effect. The British monarchy has issued over 1,000 royal charters. Of these about 750 remain in effect.

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Chartered company in the context of Slave fort

A slave fort or slave castle was a fortification designed to provide a defensible area in which enslaved victims would be kept until ships were ready to embark them and forcibly migrate them during the atlantic slave trade. A slave fort was a militarized factory (trading post) which evolved at locations where the slave trade played a significant economic role on the coast of Africa. These forts were built by the state or chartered companies from nine European countries.

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Chartered company in the context of Northern Rhodesia

Northern Rhodesia was a British protectorate in Southern Africa, now the independent country of Zambia. It was formed in 1911 by amalgamating the two earlier protectorates of Barotziland-North-Western Rhodesia and North-Eastern Rhodesia. It was initially administered, as were the two earlier protectorates, by the British South Africa Company (BSAC), a chartered company, on behalf of the British Government. From 1924, it was administered by the British Government as a protectorate, under similar conditions to other British-administered protectorates, and the special provisions required when it was administered by BSAC were terminated.

Although under the BSAC charter it had features of a charter colony, the BSAC's treaties with local rulers, and British legislation, gave it the status of a protectorate. The territory attracted a relatively small number of European settlers, but from the time they first secured political representation, they agitated for white minority rule, either as a separate entity or associated with Southern Rhodesia and possibly Nyasaland. The mineral wealth of Northern Rhodesia made full amalgamation attractive to Southern Rhodesian politicians, but the British Government preferred a looser association to include Nyasaland. This was intended to protect Africans in Northern Rhodesia and Nyasaland from discriminatory Southern Rhodesian laws. The Federation of Rhodesia and Nyasaland formed in 1953 was intensely unpopular among the vast African majority and its formation hastened calls for majority rule. As a result of this pressure, the country became independent in 1964 as Zambia.

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