E X T E N S I O N THE GOLDEN AGE OF EXPLORATION Elizabeth s reign was a time of significant exploration and discovery. In the end, this activity led to the foundation of the British Empire in the seventeenth and eighteenth centuries. English merchants were the main promoters of the voyages that brought new wealth to the country. Among the goods from distant lands that they wanted were the spices that preserved and flavoured1 meat. In 1581, London merchants formed the Turkey Company to manage trade with distant lands. In 1592, it merged2 with the Venice Company (founded in 1583) to form the Levant Company. It obtained a patent3 from Elizabeth I for the exclusive right to trade in currants (dried white grapes, i.e. golden raisins). The Company also purchased wine, cotton and silk from the Eastern Mediterranean. Elizabeth, herself, engaged in correspondence with the Ottoman Sultan to support such trade and to seek an ally in her conflict with Catholic Europe. In 1585, the Barbary Coat of arms of the East India Company Company, formed in 1551 to (1698) trade with North Africa, was granted a monopoly by Elizabeth. The Barbary Coast, today s Morocco, was the main source of sugar for the English market. In 1600, the East India Company was formed by London merchants. Its main objective was to contend Spanish and Portuguese control of trade with the East Indies, today s India and Indonesia. The control of such trade would create fortunes for many merchants. The trade significantly increased the foods the English could eat. 1. flavour: to give a particular taste to food or drink. 2. merge: to combine or unite into a single enterprise, organization. 3. patent: official right to be the only person to make, use or sell a product or an invention. 54