Antoine crozat biography
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Antoine Crozat, 1st Marquis of Châtel
French financier
Antoine Crozat, 1st Marquis of Châtel (c. 1655 – 7 June 1738),[1]French founder of an immense fortune, was the first proprietary owner of French Louisiana, from 1712 to 1717.
Career
Antoine Crozat and his brother Pierre Crozat were born in Toulouse, France, the sons of a wealthy banking family.
Antoine crozat biography
They moved to Paris around 1700 and rose from obscurity to become two of the wealthiest financiers of France.[2] By way of lending money to the government, Antoine was ennobled as the Marquis du Châtel, a title he transmitted to his eldest son Louis-François.
He became a financial counselor to Louis XIV. He invested in the Guinea Company and the Asiento Company, two lucrative overseas franchises involved in the slave trade. The king eventually offered him a 15‑year trade monopoly in Louisiana.
Crozat's term running and influencing Louisiana was quite unpopular with the settlers, and Crozat ceded the monopo