Related Research Articles
The United East India Company was a chartered company established on the 20th March 1602 by the States General of the Netherlands amalgamating existing companies into the first joint-stock company in the world, granting it a 21-year monopoly to carry out trade activities in Asia. Shares in the company could be bought by any resident of the United Provinces and then subsequently bought and sold in open-air secondary markets. It is sometimes considered to have been the first multinational corporation. It was a powerful company, possessing quasi-governmental powers, including the ability to wage war, imprison and execute convicts, negotiate treaties, strike its own coins, and establish colonies. They are also known for their international slave trade.
The East India Company (EIC) was an English, and later British, joint-stock company founded in 1600 and dissolved in 1874. It was formed to trade in the Indian Ocean region, initially with the East Indies, and later with East Asia. The company seized control of large parts of the Indian subcontinent, colonised parts of Southeast Asia and Hong Kong. At its peak, the company was the largest corporation in the world. The EIC 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 the time. The operations of the company had a profound effect on the global balance of trade, almost single-handedly reversing the trend of eastward drain of Western bullion, seen since Roman times.
Ship money was a tax of medieval origin levied intermittently in the Kingdom of England until the middle of the 17th century. Assessed typically on the inhabitants of coastal areas of England, it was one of several taxes that English monarchs could levy by prerogative without the approval of Parliament. The attempt of King Charles I from 1634 onwards to levy ship money during peacetime and extend it to the inland counties of England without parliamentary approval provoked fierce resistance, and was one of the grievances of the English propertied class in the lead-up to the English Civil War.
The Company of Scotland Trading to Africa and the Indies, also called the Scottish Darien Company, was an overseas trading company created by an act of the Parliament of Scotland in 1695. The Act granted the Company a monopoly of Scottish trade to India, Africa and the Americas, similar to English charter companies' monopolies, and also extraordinary sovereign rights and 21 years of exemptions from taxation.
The Personal Rule was the period from 1629 to 1640, when King Charles I of England, Scotland and Ireland ruled without recourse to Parliament. The King claimed that he was entitled to do this under the Royal Prerogative.
The Asiento de Negros was a monopoly contract between the Spanish Crown and various merchants for the right to provide African slaves to colonies in the Spanish Americas. The Spanish Empire rarely engaged in the trans-Atlantic slave trade directly from Africa itself, choosing instead to contract out the importation to foreign merchants from nations more prominent in that part of the world; typically Portuguese and Genoese, but later the Dutch, French, and British. The Asiento did not concern French or British Caribbean but Spanish America.
The Royal African Company (RAC) was an English mercantile (trading) company set up in 1660 by the royal Stuart family and City of London merchants to trade along the west coast of Africa. It was led by the Duke of York, who was the brother of King Charles II and in 1685, York took the throne as James II. The RAC shipped more African slaves to the Americas than any other company in the history of the Atlantic slave trade, and was owned entirely by the British Crown.
Sir Gilbert Heathcote, 1st Baronet, was a British merchant and Whig politician who sat in the English and British House of Commons between 1701 and 1733. He was a Governor of the Bank of England and was Lord Mayor of London in 1711.
The Canton System served as a means for Qing China to control trade with the West within its own country by focusing all trade on the southern port of Canton. The protectionist policy arose in 1757 as a response to a perceived political and commercial threat from abroad on the part of successive Chinese emperors.
East Indiaman was a general name for any sailing ship operating under charter or licence to any of the East India trading companies of the major European trading powers of the 17th through the 19th centuries. The term is used to refer to vessels belonging to the Austrian, Danish, Dutch, English, French, Portuguese, or Swedish companies.
Sir William Mackinnon, 1st Baronet, was a Scottish ship-owner and businessman who built up substantial commercial interests in India and East Africa. He established the British-India Steam Navigation Company and the Imperial British East Africa Company.
The Boston Tea Party was an American political and mercantile protest by the Sons of Liberty in Boston, Massachusetts, on December 16, 1773. The target was the Tea Act of May 10, 1773, which allowed the British East India Company to sell tea from China in American colonies without paying taxes apart from those imposed by the Townshend Acts. The Sons of Liberty strongly opposed the taxes in the Townshend Act as a violation of their rights. Protesters, some disguised as Indigenous Americans, destroyed an entire shipment of tea sent by the East India Company.
The history of competition law refers to attempts by governments to regulate competitive markets for goods and services, leading up to the modern competition or antitrust laws around the world today. The earliest records traces back to the efforts of Roman legislators to control price fluctuations and unfair trade practices. Throughout the Middle Ages in Europe, kings and queens repeatedly cracked down on monopolies, including those created through state legislation. The English common law doctrine of restraint of trade became the precursor to modern competition law. This grew out of the codifications of United States antitrust statutes, which in turn had considerable influence on the development of European Community competition laws after the Second World War. Increasingly, the focus has moved to international competition enforcement in a globalised economy.
United Kingdom competition law is affected by both British and European elements. The Competition Act 1998 and the Enterprise Act 2002 are the most important statutes for cases with a purely national dimension. However, if the effect of a business' conduct would reach across borders, the European Commission has competence to deal with the problems, and exclusively EU law would apply. Even so, the section 60 of the Competition Act 1998 provides that UK rules are to be applied in line with European jurisprudence. Like all competition law, that in the UK has three main tasks.
The Courteen association, later called the Assada company was an English trading company founded in 1635 in an attempt to break the monopoly of the East India Company in trade with India.
Sir Samuel Barnardiston, 1st Baronet (1620–1707) was an English Whig Member of Parliament and deputy governor of the East India Company, defendant in some high-profile legal cases and involved in a highly contentious parliamentary election.
Abolitionism in the United Kingdom was the movement in the late 18th and early 19th centuries to end the practice of slavery, whether formal or informal, in the United Kingdom, the British Empire and the world, including ending the Atlantic slave trade. It was part of a wider abolitionism movement in Western Europe and the Americas.
George White was an English merchant and co-founder of the reformed East India Company.
Sir Edward Michelborne, sometimes written Michelbourn, was an English soldier, adventurer and explorer. After a military career in the 1590s he tried to be appointed 'principal commander' for the first voyage of the East India Company (EIC), but was rebuffed. He subsequently became an interloper with the personal approval of King James I and set out to the far east in December 1604. Indulging in plunder as well as seeking out trade, his activities upset the EIC who complained to the Privy Council about his interloping, following his return to England in 1606.
William Johnson of Blackwall, Middlesex, and Mandeville's Manor, Sternfield, Aldeburgh, Suffolk, was an English merchant, shipbuilder and Tory politician who sat in the English and British House of Commons for 29 years from 1689 to 1718