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The African Company was ruined by its losses and surrendered its charter in 1672, to be followed by the still more ambitious Royal African Company of England. Its new charter was broader than the old one and included the right to set up forts and factories, maintain troops, and exercise martial law in West Africa, in pursuit of trade ...
27 de abr. de 2016 · Thanks to England’s war with the Netherlands, the original company collapsed under mounting debts in 1667, reemerging in 1672 with a new royal charter and a new name: the Royal African Company ...
- Sarah Pruitt
The Royal African Company was established by Royal Charter under King Charles II. It gave a monopoly to the Royal company on trading in Slaves from ports in West Africa. The purpose of the charter and monopoly for the Royal African Company was to combat the Dutch dominance of Western African Slaving ports. With a monopoly in place, the Stuart ...
A charter of incorporation was granted to "New Royal African Company" on 27 September 1672 by Charles II, superseding the "Company of Royal Adventurers trading into Africa", chartered on 10 January 1663. The following list of officers and shareholders ("subscribers") is taken from the charter of incorporation. [1]
However, a new charter, detailing its rights and responsibilities concerning the slave traded created a change in fortune. The Company of Royal Adventurers became the Royal African Company, and gained monopoly rights in 1672 for all of England's trade with Africa.
Royal Africa Company. A number of short-lived charters in particular areas had been granted in the late 16th and early 17th cents., but the Royal Africa Company was not established until 1672. It traded with west Africa for gold and ivory but its main concern was to supply slaves to the West Indian islands.
When King Charles II chartered the Royal African Company in 1672 he granted it an exclusive privilege over England's trade with the West African coast, including the purchase of enslaved Africans and their transport to the plantations of British America.
