Factory (trading post)

Factory was the common name during the medieval and early modern eras for an entrepôt – which was essentially an early form of free-trade zone or transshipment point. At a factory, local inhabitants could interact with foreign merchants, often known as factors. First established in Europe, factories eventually spread to many other parts of the world. The origin of the word factory is (feitoria; factorij; factorerie, comptoir). The factories established by European states in Africa, Asia and the Americas from the 15th century onward also tended to be official political dependencies of those states. These have been seen, in retrospect, as the precursors of colonial expansion. A factory could serve simultaneously as market, warehouse, customs, defense and support to navigation and exploration, headquarters or de facto government of local communities. In North America, Europeans began to trade with the natives during the 16th century. Colonists created factories, also known as trading posts, at which furs could be traded, in Native American territory. Although European colonialism traces its roots from the classical era, when Phoenicians, Greeks and Romans established colonies of settlement around the Mediterranean – "factories" were a unique institution born in medieval Europe. Originally, factories were organizations of European merchants from a state, meeting in a foreign place. These organizations sought to defend their common interests, mainly economic (as well as organized insurance and protection), enabling the maintenance of diplomatic and trade relations within the foreign state where they were set. The factories were established from 1356 onwards in the main trading centers, usually ports or central hubs that have prospered under the influence of the Hanseatic League and its guilds and kontors. The Hanseatic cities had their own law system and furnished their own protection and mutual aid. The Hanseatic League maintained factories, among others, in England (Boston, King's Lynn), Norway (Tønsberg) and Finland (Åbo).

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