The Dutch imitated this 2 years posterior bc/ it was so successful. The two were some of the first examples of adjunction stock companies. It grew into one of the most important economic institutions in England. G everyplacenors and a guild of merchants from London did trade w/ the eastern United States Indies. The formation of the company was encouraged by Queen Elizabeth and the whoremonger Council (important role of gov.). The original charter was very appealing to investors. It allowed the company to export 30k pounds a year in foreign assume (used for importing and investing). It was also exempt from custom tolls for the first 6 voyages out and back w/ a subsidy from the government. eventually it was given a 15 year monopoly w/ the East Indies which became the next 2 centuries.
In the first 2 voyages on that point was a 95% rate of profit. In 1601 made over 68k pounds and captured Portuguese spice ship w/ 900 tons.
Unfortunately engorge the pepper market and paid dividends in pepper. By quaternary journey both ships lost (importance of spreading risk) but by the 8th was earning 211-220% profit. By 1620 est. 12 outposts in China and Asia employees cc agents (factors). Had 2 shipyards on the Thymes and owned all ships and equipment.
After the return of Dutch competition the spice trade gave way to the brisk cotton trade w/ China and India.
Eventually the intercession by the government became too much of a buck for the company.If you want to get a full essay, order it on our website: Orderessay
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