Question

Describe the fall of East India Company?

Answer 1

The company's commercial monopoly was broken in 1813, and from 1834 it was merely a managing agency for the British government of India. It lost that role after the Indian Mutiny (1857). In 1873 it ceased to exist as a legal entity. Read more about the Indian Mutiny that hastened the end of the East India Company.



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Answer 2

The company’s efforts to administer India served as a model for British civil administration, especially in the 19th century. After the company lost its trading monopoly in 1833, it became a pure trading company again. In 1858, the company lost its administrative function to the British government after its Indian soldiers mutinied. Because of the Indian Uprising in 1857, the company lost all of its administrative powers and on 1 January, 1874 an Act came into effect dissolving the company in the summer of the same year. Then British India became a formal crown colony. In the following years, the company’s possessions were nationalized by the Crown. The company still managed the tea trade on behalf of the government, especially after St. Helena.

However, the EIC had a large effect on the Indian culture and global trade. The East India Company was the first company to record the Chinese usage of orange-flavoured tea in which it led to the development of Earl Grey tea and the British trade with India played a key role in introducing English as an official language in India.

At yovisto academic video search, you may be interested in a video lecture by John McAlleer about Britains global trade in the Great Days of Sail at Gresham College.