History 1803E Chapter Notes - Chapter 2: Muscovy Company, Middle Ages, Levant Company
18 Dec 2012
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During the 16th and 17th centuries the emergence of chartered companies became more evident. They were seen as the most remarkable business organizations . Chartered companies represented a combined effort by governments and merchants to grab the riches of the new worlds opened up by columns. They were recipients of royal charters that gave them the right to trade with this or that part of the world. Chartered companies drew on two ideas from the middle ages. These were : idea of offering shares that can be sold on the open market. (dates back to the thirteenth century, limited liability. Colonization was so risky that the only way to raise large sums of money from investors was to protect them. First chartered joint company was the muscovy company. East india company was more than just a modern company in embryo. The company faced fierce opposition from the dutch and portuguese.
