HIS 2361 Lecture 8: Feb 7

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Established on the model of dutch and english joint-stock companies. Numbered ad many as 104-106 partners, member of the commercial class and ruling elite (including richeliue, racily, champlain) Each contributed 3000 livres (3000 000 livres in capital, not much) Being in a company it protects the members in a risky venture. Is granted the whole of new france from florida to the arctic. Is granted a monopoly over colonial trade perpetually. Is exempt from taxes for 15 years. Was not looking for a quick payoff. Knew it would take time to establish. Must send 200-300 men as early as 1627. Must sen 4000 men in 15 years. Must meet their needs for 3 years. Must establish a catholic colony - link between emigration and conversion. 1627: foundation of the co. of one hundred associates. 1629: quebec taken by the kirke brothers. A lot of the capital is gone in one go.

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