European rulers started giving military protection and trading companies
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) Siraj-ud-Daulah was defeated in the Battle of Plassey. (2) The European countries felt the necessity of finding new trade routes to Asia. (3) European rulers started giving military protection and trade concessions to the trading companies. Answer 1: In 1756 AD, Siraj-ud- Daulah became the Nawab of Bengal.
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With the discovery of new sea routes, began a new era of trade between Europe and Asia.
Many traders came forward to trade with Eastern countries through the sea route.
It was not easy to carry out trade single-handedly and hence many traders came together and started trade.
Thus, there was rise of many Trading Companies. Trade with Oriental countries was very profitable and responsible for economic prosperity.
Hence, European rulers started giving military protection and trade concessions to these trading companies. This led to accumulation of wealth in Europe.
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