alternatehistory.com
247-244 BC. Chartered companies
247-244 BC
With the control of trade in both Atlantic and west Mediterranean sea Massaliot League was stronger and wealthier than ever. This vast network sparkled a huge trade, economic and opportunity for people, boom. Every kind of trade and business throughout the Massaliot league had now its own guild. The purpose of the guild was no doubt to protect and advance the interests of the trade but in some cases, securing also the election of candidates for the federal council of the league. Most of the strongest “political” guilds were under the control of Palaioi or Dynatoi companies. Both Palaioi and Dynatoi companies were by now, pretty much political parties dominating the federal council. For years now both strategoi/episcopoi of the federal council were from this two parties. As they grew wealthier, those companies/political parties developed extensive administrations for their ventures, seeking more and more control and influence. This led to the foundation of the first chartered companies in history.
Chartered companies were usually formed, incorporated and legitimised under a royal or, in republics, an equivalent government charter. This document set out the terms under which the company could trade, defined its boundaries of influence, and described its rights and responsibilities.
the charters of the Palaioi and Dynatoi companies, given by the Massaliot League federal council allowed the two companies to:
In return, the companies agreed to develop the territory they controlled, to allow free trade within its territory and give thirty percent of the profits to the common treasury of the Massaliot League.
Carthage/Barcid Kingdom
With the control of trade in both Atlantic and west Mediterranean sea Massaliot League was stronger and wealthier than ever. This vast network sparkled a huge trade, economic and opportunity for people, boom. Every kind of trade and business throughout the Massaliot league had now its own guild. The purpose of the guild was no doubt to protect and advance the interests of the trade but in some cases, securing also the election of candidates for the federal council of the league. Most of the strongest “political” guilds were under the control of Palaioi or Dynatoi companies. Both Palaioi and Dynatoi companies were by now, pretty much political parties dominating the federal council. For years now both strategoi/episcopoi of the federal council were from this two parties. As they grew wealthier, those companies/political parties developed extensive administrations for their ventures, seeking more and more control and influence. This led to the foundation of the first chartered companies in history.
Chartered companies were usually formed, incorporated and legitimised under a royal or, in republics, an equivalent government charter. This document set out the terms under which the company could trade, defined its boundaries of influence, and described its rights and responsibilities.
the charters of the Palaioi and Dynatoi companies, given by the Massaliot League federal council allowed the two companies to:
- Trade monopolies from new expeditions
- Form “banks”
- Own, and grant or distribute lands of future colonies/lands in Atlantic ocean.
- Raise/sponsor military for new conquests under approval and control from the federal council.
In return, the companies agreed to develop the territory they controlled, to allow free trade within its territory and give thirty percent of the profits to the common treasury of the Massaliot League.
Carthage/Barcid Kingdom
- in two small naval battles and one pitch battle Carthaginians repelled the Barcid kingdom.
- Bactria attacked by the Seleucid empire. Although he commanded seven thousands horsemen, Diodotus I initially lost a battle on the Arius and had to retreat. He then successfully resisted a three year siege in the fortified city of Bactra, before Antiochus II finally decided to recognize the new ruler.
- Sersor
- Word Count: 360