A royal charter approved statutes for the Cuiabá Mining Company. Shareholders were required to supply the enslaved laborers they had promised, or provide substitutes under the company rules; a failure could cost them profits. The arrangement made human beings a contractual input to a corporate mining venture and shows how investors pooled capital and coerced labor across distance.
Log in to like or bookmark this story.
🔖 Bookmark
No images or videos for this event yet.
Related Events
What did the Cuiabá Mining Company charter require from shareholders?
🎉😄
😢
Explanation
The company statutes treated enslaved workers as a required input to the venture.
The Cuiabá Mining Company statutes required shareholders to supply promised enslaved laborers or substitutes.
🎉😄
😢
Explanation
The charter made labor supply a contractual duty for shareholders.