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This British law made American importers of this tasty beverage pay taxes and commissions while the British East India Company did not.
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- Inferring from this source, why did Dutch merchants most likely decide to begin a colony in the New World? "After the monopoly charter of the New Netherland Company expired in early 1618, a group of powerful merchants in the Netherlands began to lobby for the formation of a West India Company (WIC) to develop trade in the New World. The model was the Dutch East India Company that had been founded in 1602 and that controlled the highly profitable spice trade with Asia. The WIC was founded in 1621, with a twenty-four-year monopoly from the Dutch government on all trade with West Africa, the Caribbean, and the Americas.Although they were mainly interested in trade, the directors of the WIC, the Lords Nineteen, decided to start a permanent colony in the region where the New Netherland Company had held its charter. These colonists formed the nucleus of the future Dutch presence in the area. Some settled at present-day Al