African Company Act 1750
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African Company Act 1750
The African Company Act 1750 was an Act passed by the Parliament of Great Britain which dissolved the Royal African Company and created the African Company of Merchants The African Company of Merchants or Company of Merchants Trading to Africa was a British chartered company operating from 1752 to 1821 in the Gold Coast area of modern Ghana, engaged in the Atlantic slave trade. Background The company was estab ..., to whom the assets of the former were passed. The Royal African Company had been in financial difficulties for many years, but by 1747 these difficulties grew more acute. They also informed parliament in February of that year that it was incapable of defending its forts and castles against possible attack by the French. References External links An act for extending and improving the trade to Africa full text Great Britain Acts of Parliament 1750 Slave trade legislation African Company of Merchants {{UK-law-stub ...
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Ackey Gold Coast Silver Coin
The ackey was a currency issued for the Gold Coast by the British between 1796 and 1818. It was subdivided into 8 ''takoe'' and was equal to the British halfcrown, i.e., 1 takoe = 3 pence and 1 pound = 8 ackey. The currency consisted of silver coins in denominations of 1 takoe, , and 1 ackey. All coins bar the takoe carried the inscription "Free Trade to Africa by Act of Parliament 1750", commemorating the African Company Act 1750 which dissolved the Royal African Company and created the African Company of Merchants, which remained in existence while the ackey was in circulation. The name derived from the use of ackee (''Blighia sapida'') seeds for weighing gold dust; one ackee seed weighed about 20 troy grain A grain is a unit of measurement of mass, and in the troy weight, avoirdupois, and apothecaries' systems, equal to exactly milligrams. It is nominally based upon the mass of a single ideal seed of a cereal. From the Bronze Age into the Renaissan ...s (1.3 grams). ...
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Act Of Parliament
Acts of Parliament, sometimes referred to as primary legislation, are texts of law passed by the Legislature, legislative body of a jurisdiction (often a parliament or council). In most countries with a parliamentary system of government, acts of parliament begin as a Bill (law), bill, which the legislature votes on. Depending on the structure of government, this text may then be subject to assent or approval from the Executive (government), executive branch. Bills A draft act of parliament is known as a Bill (proposed law), bill. In other words, a bill is a proposed law that needs to be discussed in the parliament before it can become a law. In territories with a Westminster system, most bills that have any possibility of becoming law are introduced into parliament by the government. This will usually happen following the publication of a "white paper", setting out the issues and the way in which the proposed new law is intended to deal with them. A bill may also be introduced in ...
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Parliament Of Great Britain
The Parliament of Great Britain was formed in May 1707 following the ratification of the Acts of Union by both the Parliament of England and the Parliament of Scotland. The Acts ratified the treaty of Union which created a new unified Kingdom of Great Britain and created the parliament of Great Britain located in the former home of the English parliament in the Palace of Westminster, near the City of London. This lasted nearly a century, until the Acts of Union 1800 merged the separate British and Irish Parliaments into a single Parliament of the United Kingdom with effect from 1 January 1801. History Following the Treaty of Union in 1706, Acts of Union ratifying the Treaty were passed in both the Parliament of England and the Parliament of Scotland, which created a new Kingdom of Great Britain. The Acts paved the way for the enactment of the treaty of Union which created a new parliament, referred to as the 'Parliament of Great Britain', based in the home of the former E ...
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Royal African Company
The Royal African Company (RAC) was an English mercantile ( trading) company set up in 1660 by the royal Stuart family and City of London merchants to trade along the west coast of Africa. It was led by the Duke of York, who was the brother of King Charles II and in 1685, York took the throne as James II. It was established after Charles II gained the English throne in the Restoration of 1660. While its original purpose was to exploit the gold fields up the Gambia River, which were identified by Prince Rupert during the Interregnum, it soon developed and led a brutal and sustained slave trade. It also extracted other commodities, mainly from the Gold Coast. After becoming insolvent in 1708, it survived in a state of much reduced activity until 1752 when its assets were transferred to the new African Company of Merchants, which lasted until 1821. History Background In the 17th century the settlements on the west coast of Africa, though they had an important trade of th ...
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African Company Of Merchants
The African Company of Merchants or Company of Merchants Trading to Africa was a British chartered company operating from 1752 to 1821 in the Gold Coast area of modern Ghana, engaged in the Atlantic slave trade. Background The company was established by the African Company Act 1750, and in 1752 replaced the Royal African Company which had been established in 1660. Unlike its predecessor, the African Company of Merchants was a regulated company, not a joint stock company: Clause IV of African Company Act 1750 stated: "That it shall not be lawful for the Company, established by this Act, to trade to or from Africa in their corporate or joint Capacity, or to have any joint or transferable Stock, or to borrow, or take up, any Sum or Sums of Money, on their Common Seal". The assets of the Royal African Company were transferred to the new company and consisted primarily of nine trading posts or factories: Fort William, Fort James, Fort Sekondi, Fort Winneba, Fort Apollonia, For ...
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Great Britain Acts Of Parliament 1750
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Slave Trade Legislation
Slavery and enslavement are both the state and the condition of being a slave—someone forbidden to quit one's service for an enslaver, and who is treated by the enslaver as property. Slavery typically involves slaves being made to perform some form of work while also having their location or residence dictated by the enslaver. Many historical cases of enslavement occurred as a result of breaking the law, becoming indebted, or suffering a military defeat; other forms of slavery were instituted along demographic lines such as race. Slaves may be kept in bondage for life or for a fixed period of time, after which they would be granted freedom. Although slavery is usually involuntary and involves coercion, there are also cases where people voluntarily enter into slavery to pay a debt or earn money due to poverty. In the course of human history, slavery was a typical feature of civilization, and was legal in most societies, but it is now outlawed in most countries of the w ...
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