Royal Africa Company Flashcards
when was it formed and why?
1660- to meet the demand of trade
what was the Company of Merchant Adventures for Guinea?
a company founded in 1553 that previously had a good relationship with the Africans as they were not involved in the slave trade- traded gold and silver
how was the relationship between the English and the Africans ruined?
a raid for slaves led by John Hawkins in 1562
when did Charles II reform the company?
1670s due to the war with the Netherlands
‘The Company of Royal Adventurers trading into Africa’
what were the privileges of the new company?
involved the creditors of the old one, granting it exclusive trade rights from Sallee (Morocco) to the Cape of Good Hope
how was the company supported by the crown?
in customs, instructed to check all shipments to prevent other merchants from illegally trading in Africa
how many slaves were being transported by the RAC?
by the 1680s, 5000
between 1673-89 over 90k were bought into slavery
what did the act in 1698 allow?
after they were attacked in parliament, this act allowed anyone to trade in Africa as long as they paid the company 10% of the profits
when and how did the slave trade increase significantly?
1698- individual merchants took advantage of the company’s loss of monopoly
