I don’t think so. Protectionism was high, government-granted monopolies were typical. The British East India Company was the only company that was allowed trade with India and China from UK, for instance. The Dutch had something similary.
Perhaps later though in late 1800s it was more like you described.
I don’t think so. Protectionism was high, government-granted monopolies were typical. The British East India Company was the only company that was allowed trade with India and China from UK, for instance. The Dutch had something similary.
Perhaps later though in late 1800s it was more like you described.