Barcelona Trading Company
Barcelona Trading Company
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Barcelona Trading Company

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Barcelona Trading Company

The Barcelona Trading Company (Spanish: Real Compañía de Comercio de Barcelona a Indias; Catalan: Companyia de Comerç de Barcelona) was a Spanish chartered company founded in 1755 by the Spanish crown which had a monopoly on trade to the Spanish West Indies territories of Puerto Rico, Hispaniola and Margarita Island.

The company provided a legal framework and a focus for capital which enabled Catalan merchants to break free from the restrictions of the Cadiz monopoly on trade with the Indies, provided skills and contacts that enabled the development of free trade between Catalonia and the Americas to flourish after the company's demise, and contributed to the development of the textile industry which later became the basis of industrialisation in Catalonia.

The integration of Catalonia'a economy in international trade is the root of the exceptional experience of Catalan industrialisation and the development of an increasingly capitalist economy. The company was merged with the Guipuzcoan Company of Caracas in 1785 to form the Royal Company of the Philippines.

Since 1503, under the Habsburg kings, all trade with America had been conducted through the port of Seville (and after 1717, Cádiz) under a monopoly that prevented other cities, including Barcelona, from trade with the Americas, or the Indies as they were known. Tentatively by the late 17th century Catalan goods had reached the Indies via the Spanish coastal trade to Cádiz and this grew slowly until by the mid 1740s entire ships were beginning to be fitted out in Barcelona for transatlantic commerce.

The Barcelona Company was one of a number of chartered companies established by the Spanish government in the 18th century as part of the Bourbon Reforms, with the intention of reforming Spain's commerce with the Americas, integrating colonial economies at the peripheries of the Spanish Empire and reducing the activities of British, French and Dutch privateers and smugglers.

These new companies enjoyed commercial privileges (so sometimes called 'Privileged Companies' in Spanish) and included the Royal Guipuzcoan Company of Caracas, the Honduras Company, the Seville Company and the Havana Company. They strongly resembled the English, Dutch and French trading companies of the 17th century. Trading companies were not the only concerns with royal privileges chartered at this time; a number of royal factories [es] were also established.

The Barcelona Trading Company was granted a monopoly on trade to the Caribbean islands of Puerto Rico, Santo Domingo and Margarita as well as being allowed ten annual visits to Guatemala and Honduras, trade with Cumaná (north eastern Venezuela) and some limited trading with Havana.

The company exported principally wine and brandy and increasingly chintz (or printed calico Catalan: indianes) as this industry grew in Barcelona. Imported products included raw cotton, indigo, brazilwood, cocoa, tobacco, sugar amongst others.

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