Mercantile Period: The Problem Begins (1600-1799)

Section 4

Mercantile Period: The Problem Begins (1600-1799)

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Table of Contents

Trade and the Commercial Company Spread Around the World Like a Virus. With the Spanish defeated, other Europeans join in the colonization game with their own merchants through the invention of companies, paper financial products, and commodities trading

Year Event
1600 English East India Company established
1602 Dutch East India Company established
1660 Royal African Company established
1694 (Central) Bank of England established
1695 Bank of Scotland established
1711 South Sea Company established
1714 John Law goes to France to eventually set up the Mississippi scheme
1752 Royal African Company dissolved
1755 Richard Cantillon publishes Essai, contributing to monetary theory
1759 Adam Smith publishes The Theory of Moral Sentiments, advocating a new system of morality that is against Utility
1776 Adam Smith publishes The Wealth of Nations,bashing the Commercial System which is based on Money and Utility
1789 Start of the French Revolution

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