The Dutch and the Company of Scotland trading to Africa and the Indies

Bibliographic Data

ID6055098
AuthorsDouglas Watts, Douglas F Watts (corresponding author), Douglas F Watt (corresponding author), Douglas Watt
Year2005
Volume29
Issue1
Pages125-143
Publication date2005-06-01
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueDutch Crossing (JOURNAL)
Journal identifiersISSN: 0309-6564 • E-ISSN: 1759-7854
PublisherInforma UK Limited (PUBLISHER • GB)
DOI10.1080/03096564.2005.11730855
OpenAlexW2342741755
LanguageEN
References cited7

The Company of Scotland trading to Africa and the Indies (Darien Company) was established by an act of parliament in 1695 as an overseas trading vehicle to boost the Scottish economy. Between 1698 and 1700 the Company unsuccessfully attempted to establish a colony at Darien on the isthmus of Central America. There were a number of Dutch influences on the Company and contacts between the Company and the Dutch. The economic success of the Dutch provided a model for the Scots and Dutch capital markets influenced Scottish exiles who became shareholders and directors of the Company. Amsterdam was a magnet for a significant amount of the Company's capital, a centre where ships were bought and constructed, a source of manpower, the centre of the Company payment system on the continent and a potential source of capital. Paradoxically the Dutch benefited from the cash of Scottish investors and facilitated the construction of the Company's fleet but frustrated its efforts to raise more capital

Ancient history · Business · Capital (architecture · Cash · Corporate governance · Economic history · Economics · Economy · Limited company · Parliament · Political science · Politics · Shareholder · Historical Economic and Social Studies · Historical Studies on Spain · History · Law · Scottish History and National Identity · Finance

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