French East India Company

Question

06 Mar 2021

Answer :

Word Count : 478

The French East India Company (La Compagnie Française des Indes Orientales), was founded as a monopoly by royal edict of Louis XIV in 1664 at the strong urging of his finance minister Jean-Baptiste Colbert. The king was its largest investor, and the crown effectively controlled the company. After an inauspiciously disastrous beginning, it eventually became moderately successful and profitable but was always undercapitalized and dependent on loans, often from the treasury.

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