Swedish South Company facts for kids
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The Swedish South Company, also known as the Company of New-Sweden (Swedish, Söderkompaniet, Nya Sverige-kompaniet), was a trading company from Sweden founded in 1626, that supported the trade between Sweden and its colony New Sweden, in North America. The colony was envisioned by its founding father Willem Usselincx; it was to become the first Swedish transoceanic trading project.
In 1649 it lost its monopoly on tobacco granted by the king of Sweden in 1641. In 1655 New Sweden was annexed by New Netherland, this brought an end to the activities of the Swedish South Company, it was dissolved in 1680.
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Swedish South Company Facts for Kids. Kiddle Encyclopedia.