18) Where. when and why was the British East India Company established?
Answers
The East India Company was an English company formed for the exploitation of trade with East and Southeast Asia and India. Incorporated by royal charter on December 31, 1600, it was started as a monopolistic trading body so that England could participate in the East Indian spice trade.
Answer:
The East India Company was an English company formed for the exploitation of trade with East and Southeast Asia and India. Incorporated by royal charter on December 31, 1600, it was started as a monopolistic trading body so that England could participate in the East Indian spice trade.It also traded cotton, silk, indigo, saltpeter, and tea and transported slaves. It became involved in politics and acted as an agent of British imperialism in India from the early 18th century to the mid-19th century. From the late 18th century it gradually lost both commercial and political control. In 1873 it ceased to exist as a legal entity.
The East India Company was initially created in 1600 to serve as a trading body for English merchants, specifically to participate in the East Indian spice trade. It later added such items as cotton, silk, indigo, saltpeter, tea, and opium to its wares and also participated in the slave trade. The company eventually became involved in politics and acted as an agent of British imperialism in India from the early 1700s to the mid-1800s.
Most of the forces were based at the three main 'stations' in India, at Madras, Bombay and Bengal. Although the forces of the East India Company were at first only concerned with protecting the direct interests of the Company, this was to change with the Battle of Plassey in 1757.
It first established its factory in Surat.
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