The Royal African Company

             In 1672 a new company was formed in England, The Royal African Company. This company was comprised entirely of wealthy merchants from London looking to make a profit on the slave trade. It was a monopoly given by the King Charles II. This company was very profitable not only because it was granted a monopoly, but also because there was a high demand for slaves in the Caribbean. Between 1680 and 1686 an average of 5000 slaves a year were transported to the Caribbean. 
            However, after the Glorious Revolution in 1688, Parliament gained a lot more power relative to the Crown. English economics became more inclusive, partly because different groups could petition Parliament with their own cause, and if it was just, Parliament was likely to listen. Groups like the Society of Merchant Venturers had more power and influenced Parliament to repeal the Royal African Company's monopoly on the slave trade. This is just one example of how the critical juncture, the Glorious Revolution changed English economics to be more inclusive.