African Company Act 1750
   HOME

TheInfoList



OR:

The African Company Act 1750 was an Act passed by the
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 Kingdo ...
which dissolved the
Royal African Company The Royal African Company (RAC) was an English mercantile (trade, trading) company set up in 1660 by the royal House of Stuart, Stuart family and City of London merchants to trade along the West Africa, west coast of Africa. It was led by the J ...
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 establ ...
, 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