This video covers: A look at the various trading companies that grew up including the East India Company, the Virginia Company and the Venetian company amongst others
Companies had to obtain permission to trade with other parts of the world from both Elizabeth the First and James the First. The most famous of these companies has to be the East India Company, which became very successful in trading English made goods for luxury goods from India. Their ships would sail down the west coast of Africa, around the cape to India then home again and there was a high demand for these luxury goods. There were other companies too, the Virginia Company of London that traded in cotton for textiles, sugar and tobacco, the Venetian Company who traded in Italy for wine and there was the Turkey Company that traded in the eastern Mediterranean for spices and carpets. There was even a company called the Moscow Company that traded with Russia for goods such as timber, leather, rope and tar. The problem was that we weren’t the only Europeans trading around the world. Spain, France, Portugal and Holland were also trading and this lead to fierce competition so companies began to gain control of large areas of land to form colonies giving themselves exclusive rights to the produce and goods of that land.
East India Company
East India Company soldier
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