Asked by caleb
Chartered companies located in the "New World" supplied European monarchs with exotic and hard-to-find raw materials food products. What did the companies receive in return?<br>
enough money to buy several ships and a set of that country's flags
knighthood and a piece of land for each of the company's top managers
a monopoly on trade in that area and military protection if needed
permission to trade anywhere in the monarch's territories or colonies
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a monopoly on trade in that area and military protection if needed
Chartered companies (e.g., the British East India Company, Hudson's Bay Company, Dutch West India Company) were granted exclusive trading rights, territorial privileges and often the right to fortify, raise troops, and receive state military/naval support.
Chartered companies (e.g., the British East India Company, Hudson's Bay Company, Dutch West India Company) were granted exclusive trading rights, territorial privileges and often the right to fortify, raise troops, and receive state military/naval support.
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