2. Elizabeth´s First Policie
She encouraged
J. Hawkins & F. Drake
To continue attacking and destroying Spanish ships
bringing Gold
Silver
Other treasures back (species,
corn, tobacco,etc ) from the newly discovered
continent of America.
3. Elizabeth´s Second Policie
She encouraged English traders to settle abroad and to
create colonies.
The first English colonist, Sir Walter Raleigh sailed to
America towards the end of the century.
• He brought tobacco back to England.
•Tried to start profitable colonies in Virginia (the “virgin” or
unmarried queen) without success.
4. England also began selling West
Africans slaves to work for the Spanish
in America.
Jhon Hawkins carried his first slave
cargo in 1562.
By 1650 slavery had become an
important trade, bringing wealth
particularly to Bristol in southwest
England.
5. During Elizabeth´s reign more “Chartered” companies were
established .
• A CHARTER gave a company the right to all the business in its
particular trade or region.
In return for this important advantage the chartered company
gave some of its profits to the Crown.
6. Charter Companies Established During Elizabeth´s Reign
The Eastland Company, founded in 1579 for trade with Baltic countries.
The Levant Company, founded in 1581 for trade with Turkey, Siria.
The Africa Company founded in 1588 to trade in slaves.
“The East India Company” founded in 1600 for trade with East Indies and India.
Established mainly because the Dutch controlled the entire spice trade with
E.Indies.
Spices were extremely important for making the meat to be tastier.
England wanted to share this trade but it failed.
Trading competition with the Dutch had led to three wars.