Levant Company
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Levant Company
The Levant Company was an English chartered company formed in 1592. Elizabeth I of England approved its initial charter on 11 September 1592 when the Venice Company (1583) and the Turkey Company (1581) merged, because their charters had expired, as she was eager to maintain trade and political alliances with the Ottoman Empire.Kenneth R. Andrews (1964), Elizabethan Privateering 1583–1603, Cambridge University Press Its initial charter was good for seven years and was granted to Edward Osborne, Richard Staper, Thomas Smith (East India Company), Thomas Smith and William Garrard with the purpose of regulating English trade with the Ottoman Empire and the Levant. The company remained in continuous existence until being superseded in 1825. A member of the company was known as a ''Turkey Merchant''. History The origins of the Levant Company lay in the Italian trade with Constantinople, and the wars against the Turks in Hungary, although a parallel was routed to Morocco and the Barbar ...
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Joint-stock Company
A joint-stock company (JSC) is a business entity in which shares of the company's stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their shares (certificates of ownership). Shareholders are able to transfer their shares to others without any effects to the continued existence of the company. In modern-day corporate law, the existence of a joint-stock company is often synonymous with incorporation (possession of legal personality separate from shareholders) and limited liability (shareholders are liable for the company's debts only to the value of the money they have invested in the company). Therefore, joint-stock companies are commonly known as corporations or limited companies. Some jurisdictions still provide the possibility of registering joint-stock companies without limited liability. In the United Kingdom and in other countries that have adopted its model of company law, they are known as unlimited ...
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Stato Da Màr
The ''Stato da Màr'' or ''Domini da Mar'' () was the Republic of Venice's maritime and overseas possessions from around 1000 to 1797, including at various times parts of what are now Istria, Dalmatia, respectively Italy, Slovenia, Croatia, Montenegro, Albania, Greece and notably the Ionian Islands, Peloponnese, Crete, Cyclades, Euboea, as well as Cyprus. It was one of the three subdivisions of the Republic of Venice's possessions, the other two being the '' Dogado'', i.e. Venice proper, and the ''Domini di Terraferma'' in northern Italy. The overseas possessions, particularly islands such as Corfu, Crete, and Cyprus, played a critical role in Venice's commercial and military leadership. In his landmark study on the Mediterranean world in the 16th century, historian Fernand Braudel described these islands as "Venice's motionless fleet". History The creation of Venice's overseas empire began around the year 1000 with the defeat of the Narentines by Doge Pietro II Orseolo and ...
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Joint-stock Company
A joint-stock company (JSC) is a business entity in which shares of the company's stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their shares (certificates of ownership). Shareholders are able to transfer their shares to others without any effects to the continued existence of the company. In modern-day corporate law, the existence of a joint-stock company is often synonymous with incorporation (possession of legal personality separate from shareholders) and limited liability (shareholders are liable for the company's debts only to the value of the money they have invested in the company). Therefore, joint-stock companies are commonly known as corporations or limited companies. Some jurisdictions still provide the possibility of registering joint-stock companies without limited liability. In the United Kingdom and in other countries that have adopted its model of company law, they are known as unlimited ...
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Monopoly
A monopoly (from Greek language, Greek and ) is a market in which one person or company is the only supplier of a particular good or service. A monopoly is characterized by a lack of economic Competition (economics), competition to produce a particular thing, a lack of viable substitute goods, and the possibility of a high monopoly price well above the seller's marginal cost that leads to a high monopoly profit. The verb ''monopolise'' or ''monopolize'' refers to the ''process'' by which a company gains the ability to raise prices or exclude competitors. In economics, a monopoly is a single seller. In law, a monopoly is a business entity that has significant market power, that is, the power to charge Monopoly price, overly high prices, which is associated with unfair price raises. Although monopolies may be big businesses, size is not a characteristic of a monopoly. A small business may still have the power to raise prices in a small industry (or market). A monopoly may als ...
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Smyrna
Smyrna ( ; , or ) was an Ancient Greece, Ancient Greek city located at a strategic point on the Aegean Sea, Aegean coast of Anatolia, Turkey. Due to its advantageous port conditions, its ease of defence, and its good inland connections, Smyrna rose to prominence. Since about 1930, the city's name has been İzmir. Two sites of the ancient city are today within İzmir's boundaries. The first, probably founded by indigenous peoples, rose to prominence during the Archaic period in Greece, Archaic Period as one of the principal ancient Greek settlements in western Anatolia. The second, whose foundation is associated with Alexander the Great, reached metropolitan proportions during the period of the Roman Empire. Most of the ancient city's present-day remains date to the Roman era, the majority from after a 2nd-century AD earthquake. In practical terms, a distinction is often made between these. ''Old Smyrna'' was the initial settlement founded around the 11th century BC, first as an ...
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Alexandria
Alexandria ( ; ) is the List of cities and towns in Egypt#Largest cities, second largest city in Egypt and the List of coastal settlements of the Mediterranean Sea, largest city on the Mediterranean coast. It lies at the western edge of the Nile Delta, Nile River delta. Founded in 331 BC by Alexander the Great, Alexandria grew rapidly and became a major centre of Hellenic civilisation, eventually replacing Memphis, Egypt, Memphis, in present-day Greater Cairo, as Egypt's capital. Called the "Bride of the Mediterranean" and "Pearl of the Mediterranean Coast" internationally, Alexandria is a popular tourist destination and an important industrial centre due to its natural gas and petroleum, oil pipeline transport, pipelines from Suez. The city extends about along the northern coast of Egypt and is the largest city on the Mediterranean, the List of cities and towns in Egypt#Largest cities, second-largest in Egypt (after Cairo), the List of largest cities in the Arab world, fourth- ...
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Constantinople
Constantinople (#Names of Constantinople, see other names) was a historical city located on the Bosporus that served as the capital of the Roman Empire, Roman, Byzantine Empire, Byzantine, Latin Empire, Latin, and Ottoman Empire, Ottoman empires between its consecration in 330 until 1930, when it was renamed to Istanbul. Initially as New Rome, Constantinople was founded in 324 during the reign of Constantine the Great on the site of the existing settlement of Byzantium, and shortly thereafter in 330 became the capital of the Roman Empire. Following the collapse of the Western Roman Empire in the late 5th century, Constantinople remained the capital of the Eastern Roman Empire (also known as the Byzantine Empire; 330–1204 and 1261–1453), the Latin Empire (1204–1261), and the Ottoman Empire (1453–1922). Following the Turkish War of Independence, the Turkish capital then moved to Ankara. Although the city had been known as Istanbul since 1453, it was officially renamed as Is ...
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Factory (trading Post)
Factory was the common name during the medieval and early modern eras for an entrepôt – which was essentially an early form of free-trade zone or transshipment point. At a factory, local inhabitants could interact with foreign merchants, often known as factor (agent), factors. First established in Europe, factories eventually spread to many other parts of the world. The origin of the word ''factory'' is (; ; , ). The factories established by European states in Africa, Asia and the Americas from the 15th century onward also tended to be official political Dependent territory, dependencies of those states. These have been seen, in retrospect, as the precursors of colonialism, colonial expansion. A factory could serve simultaneously as market (place), market, warehouse, customs, defense and support to navigation and exploration, headquarters or ''de facto'' government of local communities. In North America, Europeans began to North American fur trade, trade with Natives duri ...
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Queen Elizabeth I
Elizabeth I (7 September 153324 March 1603) was Queen of England and Ireland from 17 November 1558 until her death in 1603. She was the last and longest reigning monarch of the House of Tudor. Her eventful reign, and its effect on history and culture, gave name to the Elizabethan era. Elizabeth was the only surviving child of Henry VIII and his second wife, Anne Boleyn. When Elizabeth was two years old, her parents' marriage was annulled, her mother was executed, and Elizabeth was declared illegitimate. Henry restored her to the line of succession when she was 10. After Henry's death in 1547, Elizabeth's younger half-brother Edward VI ruled until his own death in 1553, bequeathing the crown to a Protestant cousin, Lady Jane Grey, and ignoring the claims of his two half-sisters, Mary and Elizabeth, despite statutes to the contrary. Edward's will was quickly set aside and the Catholic Mary became queen, deposing Jane. During Mary's reign, Elizabeth was imprisoned for nea ...
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Turkey Company
Turkey, officially the Republic of Türkiye, is a country mainly located in Anatolia in West Asia, with a relatively small part called East Thrace in Southeast Europe. It borders the Black Sea to the north; Georgia (country), Georgia, Armenia, Azerbaijan, and Iran to the east; Iraq, Syria, and the Mediterranean Sea to the south; and the Aegean Sea, Greece, and Bulgaria to the west. Turkey is home to over 85 million people; most are ethnic Turkish people, Turks, while ethnic Kurds in Turkey, Kurds are the Minorities in Turkey, largest ethnic minority. Officially Secularism in Turkey, a secular state, Turkey has Islam in Turkey, a Muslim-majority population. Ankara is Turkey's capital and second-largest city. Istanbul is its largest city and economic center. Other major cities include İzmir, Bursa, and Antalya. First inhabited by modern humans during the Late Paleolithic, present-day Turkey was home to List of ancient peoples of Anatolia, various ancient peoples. The Hattians ...
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William Harborne
William Harborne of Great Yarmouth, Norfolk (c.1542–1617) was a diplomat, businessman, and English Ambassador to the Ottoman Empire, appointed by Queen Elizabeth I of England. Establishment of the English Embassy in Constantinople Following a visit to Constantinople in 1575 by English merchants John Wright and Joseph Clements, Harborne was employed in 1578 by a group of English merchants to travel to Constantinople, via Poland, and obtain permission from the Sultan Murat III for English ships to trade in Ottoman ports. Previously only the French had enjoyed this privilege, which was granted to Harborne in 1580 following negotiations with Sadrazam Sokollu Mehmed Pasha, and correspondence between Queen Elizabeth I and the Sultan. Harborne thus became English Ambassador, in the pay of the Levant Company, an association of traders created for this purpose, led by Edward Osborne and Richard Staper, who had accompanied Harborne on his visits. Harborne received diplomatic crede ...
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Elizabeth I
Elizabeth I (7 September 153324 March 1603) was List of English monarchs, Queen of England and List of Irish monarchs, Ireland from 17 November 1558 until her death in 1603. She was the last and longest reigning monarch of the House of Tudor. Her eventful reign, and its effect on history and culture, gave name to the Elizabethan era. Elizabeth was the only surviving child of Henry VIII and his second wife, Anne Boleyn. When Elizabeth was two years old, her parents' marriage was annulled, her mother was executed, and Elizabeth was declared royal bastard, illegitimate. Henry Third Succession Act 1543, restored her to the line of succession when she was 10. After Henry's death in 1547, Elizabeth's younger half-brother Edward VI ruled until his own death in 1553, bequeathing the crown to a Protestant cousin, Lady Jane Grey, and ignoring the claims of his two half-sisters, Mary I of England, Mary and Elizabeth, despite statutes to the contrary. Edward's will was quickly set aside ...
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