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Which company acquired a character from Queen Elizabeth1 ? Write down the importance of charter for the company
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English East India Company
Explanation:
- The East India Company is also known as the English East India Company.
- In 1600, Queen Elizabeth granted the charter to the East India Company to trade with the East.
- The main purpose of this company was to trade with India and Southeast Asia.
- The company formed to profit from the spice trade in Europe.
- The company settles down in India for trading purposes.
- Goods like cotton, silk, and spices were exported to England.
Learn More:
Who was queen Elizabeth I
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