John Company and China

John Company and China

There was a monopoly of trade into China for tea. This monopoly was by the company John Company. There was one port that China had opened the door to trade, this port was Canton. The John Company was the Honorable East India company, which was granted a monopoly of Oriental trade in the 1600. It was during the late seventeenth century and throughout the eighteenth consolidated and built up its position until it was the biggest organization of any foreign power. This was the greatest trade monopolies in the world.

The growing army of private traders persuaded Parliament that it should not be renewed for China after year 1833. The John Company lost its monopoly on China in 1813. (The great tea venture, 44)