Merchants Adventurers - Hutchinson encyclopedia article about Merchants Adventurers

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Merchants Adventurers

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Merchants Adventurers

English trading company founded in 1407, which controlled the export of cloth to continental Europe. It comprised guilds and traders in many northern European ports. In direct opposition to the Hanseatic League, it came to control 75% of English overseas trade by 1550. In 1689 it lost its charter for furthering the traders' own interests at the expense of the English economy. The company was finally dissolved in 1806.

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