French east india company

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Information about French east india company

Published on March 5, 2014

Author: patrickpascual3557


French East India Company -was a commercial enterprise, founded in 1664 to compete with the British and Dutch East India companies in the East Indies. Planned by Jean-Baptiste Colbert, it was chartered by King Louis XIV for the purpose of trading in the Eastern Hemisphere. It resulted from the fusion of three earlier companies, the 1660 Compagnie de Chine, the Compagnie d'Orientand Compagnie de Madagascar. The first Director General for the Company was De Faye, who was adjoined two Directors belonging to the two most successful trading organizations at that time: François Caron, who had spent 30 years working for the Dutch East India Company, including more than 20 years in Japan, and Marcara Avanchintz, a trader from Ispahan, Persia.

French king Henry IV authorized the first Compagnie des Indes Orientales, granting the firm a 15-year monopoly of the Indies trade. This precursor to Colbert's later Compagnie des Indes Orientales, however, was notwas not able to maintain itself financially, and it was The Company a joint-stock corporation, and was funded by the Crown. French-issued 1769, about 20 years before the French Revolution. King Louis abolished incopper coin, cast inPondichéry for internal Indian trade. The initial capital of the revamped Compagnie des Indes Orientales was 15 million livres, XVI issuedshares of 1000 livres apiece. Louisthe funded the first 3transfer to the state all divided into a 1769 edict that required XIV Company to million livres of investment, its properties, assets and 10 years were to be charged.The initial stock offering quickly sold against which losses in the first rights, which were valued at 30 million livres. The out, as courtiers of Louis XIV recognized that it was in their interests to support though King agreed to pay all of the Company’s debts and obligations,the King’s overseas initiative. The Compagnie holders of Company des Indes Orientales was grantedonly an estimated 15 percent in stock and notes received a 50-year monopoly on French trade the Indian and Pacific Oceans, a region stretching from the Cape of Good Hope to the Straits of of the face value of their also granted the by the end of corporate liquidationisland Magellan.The French monarch investments Company a concession in perpetuity for the in of Madagascar, as well as any other territories it could conquer. 1790. The company was reconstituted in 1785 and issued but was shares The Company failed to found a successful colony on Madagascar, 40,000 able to of establish ports on the nearby islands of Bourbon and Île-de-France . By 1719, it had established stock priced atthe firm was near bankruptcy.was given year theCompagnie des Indeswith itself in India, but 1,000 livres apiece. It In the same monopoly on all trade [ countrieswas combined under the direction of John Law an agreed period of seven to Orientales beyond the Cape of Good Hope for with other French trading companies form the Compagnie Perpétuelle des Indes). not anticipate the French Revolution, and years. The agreement, however, didThe reorganized corporation resumed its operating independence in 1723. on 3 April 1790 the monopoly was abolished by an act of the new French French-issued "Gold Pagoda" forSouthern India trade, cast in Pondichéry1705-1780. Assembly which enthusiastically declared (1719-1748) for Northern India trade, cast in French-issued rupee in the name of Mohammed Shah that the lucrative Far Eastern trade Pondichéry. would henceforth be "thrown open to all Frenchmen".[ The company, With the decline competition nor the French decided to intervene steady accustomed neither toof the Mughal Empire, official dis favor, fell into in Indian political affairs to protect their interests, notably by forging alliances with local rulers in south India. From decline French under Joseph François Dupleix pursued an aggressive policy against both the 1741 the and was finally liquidated in 1794. Indians and the British until they ultimately were defeated by Robert Clive. Several Indian trading ports, including Pondichéry andChandernagore, remained under French control until 1954.

French-issued "Gold Pagoda" for Southern India trade, cast in Pondichéry1705-1780. French East India Company cannon("Canon de 4"). Bronze, 1755, Douai. French-issued rupee in Caliber: 84mm, length: the name of Mohammed 237cm, weight: 545kg, (1719-1748) for Shah Monument to Joseph ammunition: 2kg iron balls. India trade, Northern François Dupleix in cast in Pondichéry. French-issued copper coin, Pondicherry. cast in Pondichéry for internal Indian trade.

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