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170:. While it may seem to outsiders as a completely new trading company, it was not. Much of the members were in fact associated with The Guinea Company, including Nicholas Crispe. By creating a new name for themselves, it gave them more opportunities in expanding their industry, particularly in the Eastern part of Sierra Leone as a means for gathering gold. In 1632 gold
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In 1640, Nicholas Crispe and his trading company had once again been put under political pressure from
England. In 1640, parliament ordered him to give up his monopoly on Guinea. And it was in 1644 when his of the company were taken away, and the company was later handed on to merchants who supported
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to collect gold. No profits were made, and after the third trip the company accumulated a loss of £5,600, which was a great deal of money during this era as
Nicholas Crispe had purchased the majority of the company's shares for less than £800. After Crispe had failed in leading the company in finding
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The achievements of the Guinea trade company have for the most part been unappreciated and gone unacknowledged. They played a significant role in the history of trade and development all along the west coast of Africa. As well as bringing in
England into the gold trade through the Gold Coast.
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became the principal organizer and profiteer in 1625. With this newfound success, it also brought along a more resounding impression of objection from
England. The Guinea Company had a great deal of growth with Nicholas Crispe, who had become the controlling stock holder in 1628.
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to retrieve cloth where it would be brought back and sold for gold. It is estimated that
Nicholas Crispe and his company made a profit of over £500,000 through the gold they had collected within the 11–12 years after 1632.
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declared The Guinea
Company's monopoly a grievance, despite the company suffering from financial difficulties. However, it was not until seven years after being founded and a year after parliament's opposition when
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The Guinea
Company had touched on many different trades, one of which was gold, which in the beginning was its primary objective. Between 1618 and 1621, three expeditions were made up the
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By
William Roger Louis, Alaine M. Low, Nicholas P. Canny, Peter James Marshall, Andrew N. Porter, Judith Margaret, pp. 250–254
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According to
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in 1618 granted the company a 31-year monopoly on the exportation of goods from West Africa to be imported into
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gold along the Gambia River, it resorted to the collection of redwood from Sierra Leone as its main export.
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Nicholas Crispe got most of his royal support through the building of trading forts on the
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trading in slaves, and redwood (used for dyes) from the western Africa (today parts of
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147:. The king, James I, saw them as a great value to future of England–Africa trade.
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162:". Like the first charter in 1618, this too was for 31 years, but it was from
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The Oxford
History of the British Empire: Volume I: The Origins of Empire
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190:. Along with gold as the main source of income, ships were sent east to
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Negotiated Empires: Centers and Peripheries in the Americas, 1500-1820
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The Crispe Family and the African Trade in the Seventeenth Century
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The Slave Trade: The Story of the Atlantic Slave Trade: 1440-1870
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178:. Up until the year 1650, three additional factories followed:
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Company of Adventurers of London Trading to the Ports of Africa
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174:(trading posts) were made in Komenda, Kormantin, and
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In 1631 a new charter was formed and granted to the "
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367:Company of Merchant Adventurers of London
66:Learn how and when to remove this message
291:By Christine Daniels, Michael V. Kennedy
29:This article includes a list of general
729:Imperial Company of Trieste and Antwerp
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160:Company of Merchants Trading to Guinea
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734:Imperial Privileged Oriental Company
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35:it lacks sufficient corresponding
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556:Company of One Hundred Associates
279:© 1968 Cambridge University Press
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342:African Company of Merchants
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949:Economic history of Guinea
835:Swedish West India Company
820:Swedish East India Company
764:Compagnie van De Moucheron
517:Virginia Company of London
422:London and Bristol Company
254:Simon and Schuster, 2013
82:, more commonly known as "
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875:Danish West India Company
870:Danish East India Company
787:Barcelona Trading Company
467:Royal West Indian Company
447:Providence Island Company
427:Massachusetts Bay Company
232:List of trading companies
898:Russian-American Company
754:Dutch West India Company
724:Dutch East India Company
487:South Australian Company
954:History of Sierra Leone
538:Compagnie de l'Occident
50:more precise citations.
865:Danish Asiatic Company
853:Danish African Company
825:Swedish Levant Company
815:Swedish Africa Company
739:New Netherland Company
707:Australische Compagnie
830:Swedish South Company
719:Brabantsche Compagnie
452:Royal African Company
94:for profit. It was a
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551:Company of Habitants
482:Somers Isles Company
477:Sierra Leone Company
472:South Africa Company
442:North Borneo Company
412:Hudson's Bay Company
90:founded to trade in
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599:East Africa Company
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462:Royal Niger Company
437:New Zealand Company
377:Company of Scotland
326:Chartered companies
88:joint stock company
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649:East India Company
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457:Royal British Bank
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84:the Guinea Company
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164:Cape Blanco
48:introducing
933:Categories
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260:1476737452
238:References
188:Cabo Corso
137:Gold Coast
124:Parliament
122:. In 1624
31:references
172:factories
145:Kormantin
917:Category
694:Austrian
210:See also
184:Takoradi
890:Russian
807:Swedish
779:Spanish
334:British
180:Anomabu
176:Winneba
166:to the
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120:England
116:James I
110:History
44:improve
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586:German
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186:, and
100:Guinea
92:Africa
33:, but
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262:p.177
192:Benin
114:King
632:List
256:ISBN
143:and
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