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Other chartered corporations, still in existence include the Hudson's Bay Company (est 1670) and the Bank of England (est 1694). The history of company law in the United Kingdom concerns the change and development in UK company law within the context of the history of companies, deriving from its predecessors in Roman and English law. Company ...
Corporations at this time would essentially act on the government's behalf, bringing in revenue from its exploits abroad. Subsequently, the company became increasingly integrated with British military and colonial policy, just as most UK corporations were essentially dependent on the British navy's ability to control trade routes on the high seas.
The article Chartered Companies in the Encyclopædia Britannica Eleventh Edition, by William Bartleet Duffield, contains a detailed narrative description of the development of some of the companies in England and, later, Britain. [2]
Great Britain, and England in particular, became one of the most prosperous economic regions in the world between the late 1600s and early 1800s as a result of being the birthplace of the Industrial Revolution that began in the mid-eighteenth century. [3]
The competitive nature meant there are always winners and losers, and this became clear as feudalism evolved into mercantilism, an economic system characterized by the private or corporate ownership of capital goods, investments determined by private decisions, and by prices, production, and the distribution of goods determined mainly by ...
The charters defined the relationship of the colony to the mother country as free from involvement from the Crown. For the trading companies, charters vested the powers of government in the company in England. The officers would determine the administration, laws, & ordinances for the colony but only as conforming to the laws of England.
Tea is to England what beer and hot dogs are to America. But as ingrained as tea is in the fabric of British culture, it takes a history lesson to explain how the drink actually became so popular.
After extensive privatisation of the public sector during the Margaret Thatcher administration, there remain few statutory corporations in the UK. Privatisation began in the late 1970s, and notable privatisations include the Central Electricity Generating Board, British Rail, and more recently Royal Mail.