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FRENCH EAST INDIA BOND COMPANY

Summary/Abstract: The French East India Bond Company (1664-1795) differed from other: British, Dutch, Danish East India companies, in its material condition. It was the richest company. Its financial superiority was primarily due to the great support of the royal government. It turns out that King Louis XIV was a shareholder of the East India Bond Company, so he would undoubtedly be interested in its profits, for which he provided full material and legal support to the company's merchants. He was ready to send warships at his own expense to Africa, West and East India to protect them. Moreover, in addition to merchants, shares were invested in the company: the queen, the chancellor, the nobility, mayors, and rich townspeople. The king often helped bankrupt shareholders. If necessary, he invested capital in the company. This happened several times. As it turns out, he had a total of 7 million invested in the company and did not make any profit for 5 years, but nevertheless he took risks and provided financial assistance to the company that was on the verge of bankruptcy. Through the French East India Bond Company, a large amount of goods flowed from the east: gold, precious stones, pearls, coral, precious fabrics, various spices, silk and cotton raw materials, etc. Sh, which left a huge profit. Therefore, the desire to make a profit was at the forefront, but the company could not maintain its monopoly in the East, primarily because England had to compete, in addition, the shareholders were not united, the majority of the company was not represented by large merchants, they could not provide unified governance in the colonies, they were not able to maintain the fleet, as a result of which the company was dissolved in 1795.

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