New Zealand Company
The New Zealand Company, chartered in the United Kingdom, was a company that existed in the first half of the 1800s on a business model focused on the systematic colonisation of New Zealand. The company was formed to carry out the principles devised by Edward Gibbon Wakefield, who envisaged the creation of a new-model English society in the southern hemisphere. Under Wakefield’s model, the colony would attract capitalists who would then have a ready supply of labour—migrant labourers who could not initially afford to be property owners, but who would have the expectation of one day buying land with their savings.
History of the Pacific Islands
The History of New Zealand dates back to at least 700 years to when it was discovered and settled by Polynesians, who developed a distinct Māori culture centred on kinship links and land. The first European explorer, the Dutch Abel Tasman, came to New Zealand in 1642. From the late 18th century, the country was regularly visited by explorers and other sailors, missionaries, traders and adventurers. In 1840 the Treaty of Waitangi was signed between the British Crown and various Māori chiefs, bringing New Zealand into the British Empire and giving Māori equal rights with British citizens. There was extensive European and some Asian settlement throughout the rest of the century. War and the imposition of a European economic and legal system led to most of New Zealand's land passing from Māori to European ownership, and most Māori subsequently became impoverished.