French West India Company chartered by Colbert
Labels: Jean-Baptiste Colbert, Compagnie desIn 1664, Louis XIV’s government, guided by finance minister Jean-Baptiste Colbert, chartered the Compagnie des Indes occidentales (French West India Company). It was meant to organize and control French trade and colonization in the Atlantic world, including the Caribbean, while competing with Dutch and English trading networks. This created an early framework for more centralized, monopoly-style colonial commerce.