12/31/1600 AD founded
The Adventurers convene again and this time they succeeded; the Queen granted a Royal Charter to "George, Earl of Cumberland, and 215 Knights, Aldermen, and Burgesses" under the name, Governor and Company of Merchants of London trading into the East Indies.
For a period of fifteen years, the charter awarded the newly formed company a monopoly on English trade with all countries east of the Cape of Good Hope and west of the Straits of Magellan.
Any traders in breach of the charter without a licence from the company were liable to forfeiture of their ships and cargo (half of which went to the Crown and the other half to the company), as well as imprisonment at the "royal pleasure"
Subjects Who or What founded?
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Elizabeth I (Elizabeth of England) Queen of England and Ire... -
George Clifford, 3rd Earl of Cumberland English peer, naval comm...
Objects To Whom or What was founded?
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East India Company (British East India Company) An English and later Bri...
Events in 1600 MORE
