Question

EIC (East India Company) came to trade in India. Despite profitable business here, why did

they get involved in social, cultural and political affairs? Use class lecture and your personal

analysis to write the answer in max 200 words.​

Answer 1

Answer:

East India Company, also called English East India Company, formally (1600–1708) Governor and Company of Merchants of London Trading into the East Indies or (1708–1873) United Company of Merchants of England Trading to the East Indies, English company formed for the exploitation of trade with East and Southeast Asia and India, incorporated by royal charter on December 31, 1600. Starting as a monopolistic trading body, the company became involved in politics and acted as an agent of British imperialism in India from the early 18th century to the mid-19th century. In addition, the activities of the company in China in the 19th century served as a catalyst for the expansion of British influence there.

Explanation:

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Answer 2

EIC (East India Company) came to trade in India. Despite profitable business here, they got involved in social, cultural and political affairs  and finally ended up ruling India

Explanation:

• Trade was the primary reason why East Indian Company (EIC) became active in the Indian subcontinent. The company proved extremely lucrative. The Company engaged in the continuity and development of trade in the subcontinent.
• While these initial trips proved highly lucrative for owners, increased demand made trade more harder in the mid-1600s. Wars, piracy and smaller margins of income forced the Business to expand into new, less aggressive markets. At the time , the company also made the decision that the Dutch East India Company was very strong to compete with with regard to spice trade, turning instead to India's cotton and silk.
• While the forces of the EIC were initially only interested in preserving the company's direct interests, this changed with the Battle of Plassey in 1757. The early Eastern India Company realized that India was a major provincial kingdom collection and wanted to consolidate all its resources. The company therefore looked at interfering with Indian politics. The fortunes began to rise steadily. The company after having established itself firmly on the commerce front & trade, they  began to dream of eventually becoming a dominant power
• For two hundred more years , the main reasons for British rule-building in India could be, among other things, the loss of central power in India following the decline of the Mughal empire in 1707 AD, with the death of Aurangzeb, as well as a prevailing political division & disunity among the Indians. Indian rulers have often asked British aid for their own safety, which gave foreigners a golden opportunity to interfere more in their internal affairs and exploit their weaknesses
• The forces of the East India Company continued to expand until 1857, when the revolt ended, and the British Crown governed India directly in order to establish British rule.