Austria History
Category: Other
Updated: 12 Dec 2017
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Created byHailey Madara
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In 1625, trade and finance in the Austrian
territories were overthrown by the foreign
capital.The English and Dutch were terrified of trade
rivalry; and their feelings were made violent by
Spain's Support for the venture in 1725, this i
ntroduced political elements.In 1727, Charles Vl suspended there company
for seven years because of opposition from
France, Russia, Prussia, Britian, and United
Provinces.In 1731, the company dispersed due to the
Treaty of Vienna in order to gain a sanction.William Bolts, advisor of large corporations,
proposed restoration of “Austrian trade with
India from the Adriatic port of Trieste”, in 1775.On September 24, 1776, the Bolts sailed from
Livorno in the dominions of Leopold, to India in
command of a ship under the flag of the Holy
Roman Empire.The Bolts took a ten year charter (from 1776)
authorizing trade under imperial colours
between Austria’s Adriatic ports, India, Persia,
China and Africa. Also from Africa and
Madagascar from America.The Bolts established a factory at Delagoa Bay,
which was used as a base for trade between
East Africa and the West coast ports of India.
William Bolts used three ships to conduct this
“country” trade.During 1778 to 1783, the Bolts took advantage
of Austria’s neutral status in the Britain and
France war. The hostile acts of the East India
Company towards the Bolts in India were the
subject of urgent representation by the Austrian
Ambassador.February 1785, East India Company crashed,
ceasing trade with AustriaBolts while on business on India, lost control of
his charters to Proli.Bolts and Proli, on July 28, 1781 held a share companyThat August, Bolts relinquished control over his charters to Asia.
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