Daily entries from the 17th century London diary
London and the transatlantic slave trade[...]The Royal Adventurers.
"In 1660, the king granted a charter to the Royal Adventurers into Africa. Supporters of the new company included:
members of the royal family important nobles major London merchants. Samuel Pepys also became a shareholder.
Rise and fallThe company quickly established its trade in gold, enslaved people and African goods. Some of the gold brought from West Africa was minted into coins, which were soon popularly known as 'guineas'.
In 1665, it was estimated that the company earned £100,000 from the trade in enslaved Africans, which had become an important part of its activities. Thousands were transported in company ships to the West Indies.
But the company’s finances were never on a sound footing. Private traders removed any advantage of the monopoly over the African trade. In 1672, the Royal Adventurers ceased trading." http://www.portcities.org.uk/london/server/show...
Log in to post an annotation.
If you don't have an account, then register here.