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Notes on video lecture:
16th and 17th Century Merchant Trading Companies
Choose from these words to fill the blanks below:
Winthrop, deal, economists, West, Levett, individuals, South, wealth, colonize, America, mercantilism, military, Levant, Elizabeth, Dutch, Puritans, global, monopoly, Muscovy, Succession, charity, multiple, debt, commodities, slave
the rising pools of              and capital in Europe spawned a set of important institutional changes
had a profound effect on the organization of              market places
gave birth to merchant trading companies
The                Company (1555-1917)
first major chartered joint stock company
monopoly on trade between England and Muscovy (principality centered around Moscow) until 1698
since 1917 the company has operated as a               , now working within Russia
The              Company (1581-)
formed in 1581
regulated trade with Turkey and the Levant
several London merchants petitioned Queen                    I in 1580 for a charter to guarantee exclusivity when trading in that region
had no colonial aspirations
established "factories" (trading centers) in already-established commercial centers
set up to enjoy a monopoly trading position
Francis              (1700-1764)
head of company
posed in pictures as "going native", wearing the Turkish dress
merchants brokered between cultures and knew various cultures well
played with the idea that they belonged to                  worlds
felt they were bringing the world together
The Massachusetts Bay Company (1629-)
chartered by the English crown to                  a vast area in New England
quickly taken over by a group of                 , under the leadership of John                 
center at Boston
The Royal African Company (1660-)
granted a monopoly over English trade with          Africa
original purpose was to exploit the gold fields up the Gambia River
but it was soon engaged in the            trade as well as with other commodities
The            Sea Company (1711-)
also granted a monopoly to trade with South               
created as a public–private partnership to consolidate and reduce the cost of national         
Britain was involved in the War of the Spanish                      and Spain controlled South America, there was no realistic prospect that trade would take place and the company never realized any significant profit from its                 
merchant trading companies
significant was: these were no longer just                       
English firms
also analogues for France, Portugal,            and Spanish
origins of these companies
charters granted by monarchs giving them trade monopolies in certain geographical areas
relationship between companies and monarchs
there was a          being struck
institutional foundation for an intensification of a global division of labor
governments and merchants going to the next level in six easy steps
1. fiscal                  state
merchants acquire from governments monopoly rights to trade
protects their earnings
merchants reciprocate a certain share of their profits to the state in the form of revenue
as trade increases, pool of activity grows, creates more capital
capital can go to the purchase of government bonds
government uses bonds to buy weapons, expands their military capacity that depends the monopoly rights of their trading companies
this will have a profound implication for global power
companies get involved in colonization schemes
companies get rights not just to trade but to create colonies, which will produce                        for other people's consumption
wealth becomes increasingly privatized
described by                      in 18th century
                        : underpinning philosophy and practice for the new model of an empire that was already very different than the predator systems of the early 16th century
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Portuguese Indian Ocean Empire
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16th and 17th Century Merchant Trading Companies
17th Century Interdependence of Trade and Investment
Francis Drake and Mercantilist Wars
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The Treaty of Westphalia as the Hinge of Modern History
The Influence of Silver on the Ming Dynasty
Political Reverberations of Ming Consolidation
18th China Resurgent as Qing Dynasty
18th Century Tea Trade, Leisure Time, and the Spread of Knowledge
Cook and Clive: Discoverers, Collectors and Conquerors of the Enlightenment
Strains on the Universality of the Enlightenment
The Enlightenment, Empire, and Colonization: Burke vs. Hastings
Enlightenment or Empire
18th Century Land Grabbing
The Industrial Revolution and the Transition of Non-Renewable Energy
The Seven Years' War and Colonial Revolutions
Napoleon, Spain, the Colonies, and Imperial Crises
Human Rights and the Meaning of Membership within Societies
Napoleon, New Nations, and Total War
The Ottoman Empire's 19th Century Tanzimat Reform
The Early 19th Century Market Revolution
The Global Upheavals of the Mid-19th Century
The Train, the Rifle, and the Industrial Revolution
Transition in India: Last of the Mughals
The Indian Rebellion of 1857 and Its Ramifications
Darwin's Effect on 19th Century Ideas
Factors Which Led to the Solidifying of Nation States
1868 Japan: The Meiji Restoration
1871: Germany Becomes a Nation
North American Nation-Building
19th Century Changing Concepts of Labor
The Benefits of Comparative Advantage
Migration after the Age of Revolutions
Creating 19th Century Global Free Trade
The Expanding 19th Century Capitalist System
The Second Industrial Revolution
The Closing of the American Frontier
Africa's Second Imperial Wave
Early 20th Century American Imperialism
1894-1905: Japan's Imperial Wave in Asia
Rashid Rida and 19th Century Islamic Modernization
19th Century Pan-Islam and Zionism Movements
19th Century Global Export-Led Growth
Indian Wars and Mass Slaughter of Bison
The Suez Canal's Effect on the Malayan Tiger
1890-1914: Savage Wars of Peace
1900-1909: Russian and Turkish Dynasties
1899-1911 The End of the Qing Dynasty
The 1910 Mexican Revolution
The Panic of 1907
Turn-of-the-Century Civilization and its Discontents
20th Century Questioning of Reason
Late 19th Century Anxieties of Race
The First World War
The End of WWI and the Attempt at Global Peace