Trade and Economy

HistoryAQAGCSEUnit: Restoration England 1660-1685
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The basics

Setting the Scene

📖 Setting the Scene

In 1660, England was becoming a trading nation. Ships sailed to India, West Africa, the Caribbean, and the American colonies, bringing back spices, sugar, tobacco, and, increasingly, enslaved people. The Company of Royal Adventurers into Africa, chartered in 1660 and reorganised as the Royal African Company in 1672, held the monopoly on English slave trading. London was growing as a commercial centre. Coffee houses opened (the first had appeared in the 1650s), becoming centres for business deals and news. This was an economy in transition, from medieval farming to early capitalism, from local markets to global trade.

▶ British Empire & Trade, Extra History (10 mins)

London docks 1660s with merchant ships unloading sugar, silk, and spices
What was the East India Company?: English trading company (founded 1600) with monopoly on trade with Asia. Under Charles II it expanded significantly, establishing permanent trading posts (factories) in India at Bombay (part of Catherine of Braganza's dowry in 1661). The basis of England's future Indian empire.
Key terms

History glossary

What was the East India Company?
English trading company (founded 1600) with monopoly on trade with Asia. Under Charles II it expanded significantly, establishing permanent trading posts (factories) in India at Bombay (part of Catherine of Braganza's dowry in 1661). The basis of England's future Indian empire.
Exam tip

Earn the mark scheme marks

📝 Exam Connection: The Slave Trade

The Royal African Company is significant:

  • Shows how the Crown profited from slavery (James, Duke of York was patron)
  • Links to colonies, triangular trade, economic growth
  • Helps explain why England fought Dutch, competition for trade
  • Beginning of system that would make Britain enormously wealthy
  • Now try it yourself

    Quiz · Question 1 of 10

    Which company was founded in 1660 and given a monopoly on the English slave trade?

    Tap an answer to check it

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