Trading Company
Imperial Russia was the rare European Empire that had no State sponsorship of foreign expeditions or territorial (conquest) settlement. The first State protected trading company for sponsoring such activities in the Americas was the Shelikhov-Golikov Company of Grigory Shelikhov and Ivan Larionovich Golikov. A number of other companies were operating in Russian America during the 1780s. Shelikhov petitioned the government for exclusive control, but in 1788 Catherine II decided to grant his company a monopoly only over the area it had already occupied. Other traders were free to compete elsewhere. Catherine's decision was issued as the imperial ukase (proclamation) of September 28, 1788.
The Shelikhov-Golikov Company formed the basis for the Russian-American Company (RAC). Its charter was laid out in a 1799 ukase, by the new Tsar Paul I, which granted the company monopolistic control over trade in the Aleutian Islands and the North America mainland, south to 55° north latitude. The RAC was Russia's first joint stock company, and came under the direct authority of the Ministry of Commerce of Imperial Russia. Siberian merchants based in Irkutsk were initial major stockholders, but soon replaced by Russia's nobility and aristocracy based in Saint Petersburg. The company constructed settlements in what is today Alaska, Hawaii, and California.
Read more about this topic: Russian Colonization Of The Americas
Famous quotes containing the words trading and/or company:
“His farm was “grounds,” and not a farm at all;
His house among the local sheds and shanties
Rose like a factor’s at a trading station.”
—Robert Frost (1874–1963)
“In not having an appointment at Harvard, I’m in the company of a great many people whose work I admire tremendously, in particular women of color.”
—Catharine MacKinnon (b. 1946)