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Levant Company

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Levant Company

Company formed in 1592 to trade English cloth and tin for oriental silk or Turkish carpets in the eastern Mediterranean. The company was formed by the merger of the Turkey Company (1581) and the Venice Company (1583).



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This trend is no doubt indicative of an escalating interest in both Mediterranean trade and traders in England following the concession of a commercial capitulation by the Ottoman government in 1580, the foundation of the Levant Company in 1592, and a consequential intensification of political, commercial, and cultural encounters with North Africans.
The East India Company, the Levant Company, and other chartered companies willingly paid the imposts levied by the early Stuarts in exchange for royal support of their monopolies.
 
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