3. What was the significance of the Charter Act of 1813?
Answers
Answer:
The Charter act of 1813 ended the monopoly of the East India Company in India, however the company's monopoly in trade with China and trade in tea with India was kept intact. Thus, trade with India for all commodities except Tea was thrown open to all British subjects.
Explanation:
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Answer:
The Charter act of 1813 ended the monopoly of the East India Company in India, however the company's monopoly in trade with China and trade in tea with India was kept intact. Thus, trade with India for all commodities except Tea was thrown open to all British subjects.
Long Title: An Act for continuing in the East India ...
Territorial Extent: Territories under direct British ...
Status: Repealed by Government of India Act, ...
Royal Assent: 21 July 1813
Explanation: