The History and Legacy of the British Empire's Most Famous Trading Companies Across the World

The History and Legacy of the British Empire's Most Famous Trading Companies Across the World

Author: Charles River Charles River Editors

Publisher: Createspace Independent Publishing Platform

Published: 2018-04-05

Total Pages: 110

ISBN-13: 9781986842488

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*Includes pictures *Includes online resources and a bibliography for further reading After the Englishman Henry Hudson, under the aegis of the Dutch East India Company, sailed by Manhattan in 1609, he returned home with good news and bad news. Like the other explorers before him, he hadn't been able to find a water route to the Orient. He had, however, returned with maps (confiscated by the English) and beaver pelts. With that, it became clear that the region around the bay that would take Hudson's name was a very promising new territory for trade and settlement, which would become a serious bone of contention between the Dutch and the English for the rest of the century. In 1614, another Dutch East India merchant, Adriaen Block, entered through the narrows of the East River between Queens and Randall's Island, a difficult and dangerous passage that later sank numerous ships and that Block named Hell's Gate (Hellegat). The European world would know the name "Manhates" when Block returned to the Netherlands with new and improved maps. During the early 18th century, trade interests in South America led to the South Sea bubble, which economists have called "one of the most famous and dramatic episodes in the history of speculation." The South Sea Company's spectacular fall impacted not only its investors, but public confidence in corporations, investments, and even banking worldwide. How did the directors of one of the most successful joint-stock companies at the time, sought after in social circles as financiers and masterminds, come to be called before Parliament to testify? The anger over the dishonesty of the directors of the company resulted in one member of the House of Lords suggesting that the South Sea Company directors "be sewn up in sacks, along with snakes and monies, and then drowned." Though the history of the South Sea Company is obscure and unfamiliar to most, the regular references to the company and the scandal that surrounded it have lead it to be regularly referenced by economists, historians, and even investors today. It is a story centered around England's history of debt, loans, and banking, all against the backdrop of modern history's most famous empire. Perhaps the most famous trade company in all of history, the East India Company served as one of the key players in the formation of the British Empire. From its origins as a trading company struggling to keep up with its superior Dutch, Portuguese, and Spanish competitors to its tenure as the ruling authority of the Indian subcontinent to its eventual hubristic downfall, the East India Company serves as a lens through which to explore the much larger economic and social forces that shaped the formation of a global British Empire. As a private company that became a non-state global power in its own right, the East India Company also serves as a cautionary tale all too relevant to the modern world's current political and economic situation. On its most basic level, the East India Company played an essential part in the development of long-distance trade between Britain and Asia. The trade in textiles, ceramics, tea, and other goods brought a huge influx of capital into the British economy. This not only fueled the Industrial Revolution, but also created a demand for luxury items amongst the middle classes. The economic growth provided by the East India Company was one factor in Britain's ascendancy from a middling regional power to the most powerful nation on the planet. The profits generated by the East India Company also created incentive for other European powers to follow its lead, which led to three centuries of competition for colonies around the world. This process went well beyond Asia to affect most of the planet, including Africa and the Middle East.


The South Sea Company

The South Sea Company

Author: Charles River Editors

Publisher: Createspace Independent Publishing Platform

Published: 2017-04-19

Total Pages: 50

ISBN-13: 9781545462508

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*Includes pictures *Includes contemporary accounts of the company *Includes online resources and a bibliography for further reading Economists have called the South Sea bubble "one of the most famous and dramatic episodes in the history of speculation." The company's spectacular fall impacted not only its investors, but public confidence in corporations, investments, and even banking worldwide. How did the directors of one of the most successful joint-stock companies at the time, sought after in social circles as financiers and masterminds, come to be called before Parliament to testify? The anger over the dishonesty of the directors of the company resulted in one member of the House of Lords suggesting that the South Sea Company directors "be sewn up in sacks, along with snakes and monies, and then drowned." Though the history of the South Sea Company is obscure and unfamiliar to most, the regular references to the company and the scandal that surrounded it have lead it to be regularly referenced by economists, historians, and even investors today. It is a story centered around England's history of debt, loans, and banking, all against the backdrop of modern history's most famous empire. The South Sea Company: The History of the British Empire's South American Stock Company examines the history and legacy of one of England's most notorious trading companies. Along with pictures of important people, places, and events, you will learn about the South Sea Company like never before, in no time at all.


The Dutch East India Company and British East India Company

The Dutch East India Company and British East India Company

Author: Charles River Editors

Publisher: Createspace Independent Publishing Platform

Published: 2017-12-04

Total Pages: 176

ISBN-13: 9781981344772

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*Includes pictures *Includes contemporary accounts of the companies *Includes a bibliography for further reading From classic grilled meat to exotic and savory 5-star dishes, pepper has long been the ultimate staple spice. While bulk pepper may be readily stocked in supermarkets and convenience stores today, there was once a time when the common spice was considered one of the most valuable commodities in the world. Merchants tripped over one another to get their hands on the tiny black beads, which live in colorful clusters of berry-like shells reminiscent of Christmas lights. They were so precious that an uncountable number of men crossed the turbulent and uncharted seas for them. In fact, the tropical spice was so highly sought after that blood was shed over the edible gold. To many, the mention of maritime merchants evokes an imagery of growling pirates donned in their stereotypical hats and a colorful parrot perched upon their shoulders. These nautical rascals wander the high seas in search of treasure and adventure. Though that imagery may be inaccurate, the real life companies that once dominated international waters operated on a similar thirst for conquest and riches. Perhaps the most famous - or as many would put it, infamous - of these naval corporations was the Dutch East India Company, also known as VOC. Established around the beginning of the 17th century, this nautical behemoth of a corporation was determined to squeeze everyone else out of the market. Vested with the power to wage war and exterminate any who dared stand in their way, the rest of the world stood by as the unstoppable force took over the whole of international maritime trade. The company would crush its opponents on the way to the top, establishing a monopoly on the global spice trade that would not only rock the world but forever change the course of modern business history. The British East India Company served as one of the key players in the formation of the British Empire. From its origins as a trading company struggling to keep up with its superior Dutch, Portuguese, and Spanish competitors to its tenure as the ruling authority of the Indian subcontinent to its eventual hubristic downfall, the East India Company serves as a lens through which to explore the much larger economic and social forces that shaped the formation of a global British Empire. As a private company that became a non-state global power in its own right, the East India Company also serves as a cautionary tale all too relevant to the modern world's current political and economic situation. Beyond its obvious influence in areas like trade and commerce, the East India Company also served as a point of cultural contact between Western Europeans, South Asians, and East Asians. Quintessentially British practices such as tea drinking were made possible by East India Company trade. The products and cultural practices traveling back and forth on East India Company ships from one continent to another also reconfigured the way societies around the globe viewed sexuality, gender, class, and labor. On a much darker level, the East India Company fueled white supremacy and European concepts of Orientalism (See Said, Orientalism). One of the major reasons that the East India Company remains the subject of intense interest is that the consequences of its influence remain visible in India, Britain, and other parts of the world to this day. While the British Crown eventually replaced the East India Company as the governing authority of India, the systems of production they had established remained intact. More than half a century after India declared independence from the British Empire, the economic and cultural effects of this colonial system of production remained apparent. The disparities in wealth and power between the Global North and the Global South may not stem from the East India Company alone, but the company played an indisputable role in imperial processes.


Slavery

Slavery

Author: Page DuBois

Publisher: Bloomsbury Publishing

Published: 2021-03-25

Total Pages: 168

ISBN-13: 0755614275

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'Life, liberty and the pursuit of happiness' is perhaps the most famous phrase of all in the American Declaration of Independence. Thomas Jefferson's momentous words are closely related to the French concept of 'liberte, egalite, fraternite'; and both ideas incarnate a notion of freedom as inalienable human right that in the modern world we expect to take for granted. In the ancient world, by contrast, the concepts of freedom and equality had little purchase. Athenians, Spartans and Romans all possessed slaves or helots (unfree bondsmen), and society was unequal at every stratum. Why, then, if modern society abominates slavery, does what antiquity thought about serfdom matter today? Page duBois shows that slavery, far from being extinct, is alive and well in the contemporary era. Slaves are associated not just with the Colosseum of ancient Rome but also with Californian labour factories and south Asian sweatshops, while young women and children appear increasingly vulnerable to sexual trafficking. Applying such modern experiences of bondage (economic or sexual) to slavery in antiquity, the author explores the writings on the subject of Aristotle, Plautus, Terence and Aristophanes. She also examines the case of Spartacus, famous leader of a Roman slave rebellion, and relates ancient notions of liberation to the all-too-common immigrant experience of enslavement to a globalized world of rampant corporatism and exploitative capitalism.


The Corporation That Changed the World

The Corporation That Changed the World

Author: Nick Robins

Publisher: Pluto Press

Published: 2012-10-30

Total Pages: 262

ISBN-13: 9780745331966

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The English East India Company was the mother of the modern multinational. Its trading empire encircled the globe, importing Asian luxuries such as spices, textiles, and teas. But it also conquered much of India with its private army and broke open China's markets with opium. The Company's practices shocked its contemporaries and still reverberate today. The Corporation That Changed the World is the first book to reveal the Company's enduring legacy as a corporation. This expanded edition explores how the four forces of scale, technology, finance, and regulation drove its spectacular rise and fall. For decades, the Company was simply too big to fail, and stock market bubbles, famines, drug-running, and even duels between rival executives are to be found in this new account. For Robins, the Company's story provides vital lessons on both the role of corporations in world history and the steps required to make global business accountable today.


The East India Company at Home, 1757-1857

The East India Company at Home, 1757-1857

Author: Margot Finn

Publisher: UCL Press

Published: 2018-02-15

Total Pages: 540

ISBN-13: 1787350274

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The East India Company at Home, 1757–1857 explores how empire in Asia shaped British country houses, their interiors and the lives of their residents. It includes chapters from researchers based in a wide range of settings such as archives and libraries, museums, heritage organisations, the community of family historians and universities. It moves beyond conventional academic narratives and makes an important contribution to ongoing debates around how empire impacted Britain. The volume focuses on the propertied families of the East India Company at the height of Company rule. From the Battle of Plassey in 1757 to the outbreak of the Indian Uprising in 1857, objects, people and wealth flowed to Britain from Asia. As men in Company service increasingly shifted their activities from trade to military expansion and political administration, a new population of civil servants, army officers, surveyors and surgeons journeyed to India to make their fortunes. These Company men and their families acquired wealth, tastes and identities in India, which travelled home with them to Britain. Their stories, the biographies of their Indian possessions and the narratives of the stately homes in Britain that came to house them, frame our explorations of imperial culture and its British legacies.


After Abolition

After Abolition

Author: Marika Sherwood

Publisher: Bloomsbury Publishing

Published: 2007-02-23

Total Pages: 256

ISBN-13: 0857710133

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With the abolition of the slave trade in 1807 and the Emancipation Act of 1833, Britain seemed to wash its hands of slavery. Not so, according to Marika Sherwood, who sets the record straight in this provocative new book. In fact, Sherwood demonstrates that Britain continued to contribute to the slave trade well after 1807, even into the twentieth century. Drawing on government documents and contemporary reports as well as published sources, she describes how slavery remained very much a part of British investment, commerce and empire, especially in funding and supplying goods for the trade in slaves and in the use of slave-grown produce. The nancial world of the City in London also depended on slavery, which - directly and indirectly - provided employment for millions of people. "After Abolition" also examines some of the causes and repercussions of continued British involvement in slavery and describes many of the apparently respectable villains, as well as the heroes, connected with the trade - at all levels of society. It contains important revelations about a darker side of British history, previously unexplored, which will provoke real questions about Britain's perceptions of its past


Slave Empire

Slave Empire

Author: Padraic X. Scanlan

Publisher: Robinson

Published: 2020-11-26

Total Pages: 452

ISBN-13: 1472142322

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'Engrossing and powerful . . . rich and thought-provoking' Fara Dabhoiwala, Guardian 'Path-breaking . . . a major rewriting of history' Mihir Bose, Irish Times 'Slave Empire is lucid, elegant and forensic. It deals with appalling horrors in cool and convincing prose.' The Economist The British empire, in sentimental myth, was more free, more just and more fair than its rivals. But this claim that the British empire was 'free' and that, for all its flaws, it promised liberty to all its subjects was never true. The British empire was built on slavery. Slave Empire puts enslaved people at the centre the British empire in the eighteenth and nineteenth centuries. In intimate, human detail, Padraic Scanlon shows how British imperial power and industrial capitalism were inextricable from plantation slavery. With vivid original research and careful synthesis of innovative historical scholarship, Slave Empire shows that British freedom and British slavery were made together.


The British Empire: A Very Short Introduction

The British Empire: A Very Short Introduction

Author: Ashley Jackson

Publisher: OUP Oxford

Published: 2013-05-30

Total Pages: 161

ISBN-13: 0191654094

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From the eighteenth century until the 1950s the British Empire was the biggest political entity in the world. The territories forming this empire ranged from tiny islands to vast segments of the world's major continental land masses. The British Empire left its mark on the world in a multitude of ways, many of them permanent. In this Very Short Introduction, Ashley Jackson introduces and defines the British Empire, reviewing its historiography by answering a series of key questions: What was the British Empire, and what were its main constituent parts? What were the phases of imperial expansion and contraction and the general causes of expansion and contraction? How was the Empire ruled? What were its economic effects? What were the cultural implications of empire, in Britain and its colonies? What was life like for people living under imperial rule? What are the legacies of the British Empire and how should we view its place in world history? ABOUT THE SERIES: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. These pocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, and enthusiasm to make interesting and challenging topics highly readable.