Liberalisation of International Commerce and the Companies
- Trade
With the atmosphere of globalisation of commerce in the 17th and 18th Century, Cape Verde lost the protection from which it had benefited during the golden age of the Portuguese monopoly of the central Atlantic.
In the second half of the 17th Century successive commercial companies emerged, in public and private attempts to compete with the attacks of the English, French and Dutch. 6 companies were created, although the tendency of decline in international commerce in Cape Verde, and all eventually failed.
Only the Companhia do Grão Pará e Maranhão, in the third quarter of the 18th Century, would manage to compete with the large European companies, although it would leave irreparable marks on the social and political fabric of Cape Verde, which went completely against the interests of the nation.
With the atmosphere of globalisation of commerce in the 17th and 18th Century, Cape Verde lost the protection from which it had benefited during the golden age of the Portuguese monopoly of the central Atlantic.
In the second half of the 17th Century successive commercial companies emerged, in public and private attempts to compete with the attacks of the English, French and Dutch. 6 companies were created, although the tendency of decline in international commerce in Cape Verde, and all eventually failed.
Only the Companhia do Grão Pará e Maranhão, in the third quarter of the 18th Century, would manage to compete with the large European companies, although it would leave irreparable marks on the social and political fabric of Cape Verde, which went completely against the interests of the nation.
