East India Company
Comes East
Answers
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.
In 1600 royal charter granted to East India Company granting the sole right to trade with the East.
East India Company bought goods at a cheap price and sold them at higher price in Europe.
Cotton and silk produced in India had a big market in Europe.
Pepper, cloves, cardamom and cinnamon were in great demand.
East India company and its officials accumulated wealth by the trade of India and caught attention of other european powers.
English east India company had to compete with other europian companies such as Franch, Dutch and Portugese.
Because of the powerfull naval force British won over other european powers and became the champiion of struggle of monotony of trade.