00:00The French East India Company was a French colonial company created under that name by Colbert.
00:05August 27, 1664,
00:07and whose purpose was to "navigate and negotiate from the Cape of Good Hope in almost all the
00:12"India and the Eastern Seas"
00:13with a monopoly on long-distance trade for 50 years, and in particular on the slave trade.
00:18Its creation aimed to give France a tool for international trade with Asia and to
00:22to compete with the powerful European companies founded in the 17th century,
00:25such as the English East India Company and especially the Dutch East India Company.
00:31The goal was to no longer be dependent on England and the United Provinces for access to products
00:35Indians,
00:36sold at exorbitant prices by their company, thus preventing precious metals from leaving the country.
00:41However, the war of attrition with the Dutch, the speculative crisis of the years 1716 to 1721,
00:47Then the head-on clash with the British in India led to its downfall, after only a century of existence.
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