before the the Charter Act of 1833 the East India Company had a monopoly in trade in India and China
Answers
Answer:
Charter Act of 1833 was the outcome of Industrial Revolution in England which envisages that Indian's had to function as market for the English mass production on the basis of 'Laissez Faire'. This act replaced the office of Governor-General of Bengal with the Governor-General of India.The charter act of 1833 legalized the British colonization of India and the territorial possessions of the company were allowed to remain under its government, but were held “in trust for his majesty, his heirs and successors” for the service of Government of India.T he East India Company Charter Act of 1833, which ended the East India Company's monopoly of trade with India, has been viewed by historians as a significant event in the emergence of British commitment to free trade.
Explanation:
Answer:
No
Explanation:
According to charter act of 1813 EIC had a monoply to trade only tea trade with China