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chartered european monopoly companies pepe unchain Bnb Eth XRP crypto futures coinbase futures binance futures

What monopolies did a chartered company have?

In general, monopolies over particular branches of commerce (such as the English East India Company’s monopoly of trade with India and Asia) were granted, and consequently chartered companies became organs of imperial expansion and control.

What is a monopoly company?

The early monopoly companies were privately owned businesses, set up by royal charter of the local king or queen. These companies are often hailed as the origin of the Joint Stock Company, which allows individuals to invest in large companies with limited liability: the most usual form of company in the 21st century.

How did European monopoly companies facilitate the global circulation of goods?

The new global circulation of goods was facilitated by chartered European monopoly companies and the global flow of silver, especially from Spanish colonies in the Americas. European merchants developed new transoceanic and regional shipping services.

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