Compagnie néerlandaise des Indes occidentales
Since 1621, the Dutch West India Company had operated as a monopoly in New Netherland, on authority granted by the Dutch States General. In 1639–1640, in an effort to bolster economic growth, the Dutch West India Company relinquished its monopoly over the fur trade, leading to growth in the production and trade of food, timber, tobacco, and slaves (particularly with the Dutch West Indies).