ASPECTS OF BRITISH HISTORY
Raleigh6) enabled England to dominate these trade routes.
Elizabeth and her advisers considered trade the most important foreign policy
matter, as Henry VII had done. For them England’s greatest trade rival was also its
greatest enemy. This idea remained the basis of England’s foreign policy until the
nineteenth century. A number of companies were established to trade with various
regions of the world. The Moscovy Company had been developing profitable trade
with Russia. The East India Company was founded to trade with the East Indies
(Indonesia); competing with the Dutch and later with the French it soon began to
operate in India, Persia and even in Japan. The Africa Company began selling slaves
to the Spanish in America. And several other companies.
Elizabeth followed two policies. She encouraged English sailors to attack and
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