Compagnie de l'Occident

Source: Wikipedia, the free encyclopedia.

The Company of the Occident (

Crown corporation
that existed from 1664 to 1667. Its purpose was to exploit the resources of the French colonies and compete with the powerful Dutch and English companies.

Minister of Finance Jean-Baptiste Colbert, the letters patent creating the Compagnie de l'Occident were issued in May 1664. All property rights in French possessions in North
and South America, and also the west coast of Africa, were vested in the company.

The company was shut down in 1674.

A Compagnie d'Occident was founded in 1718 by French Banker

]'s bankruptcy.

See also