Explain about the East Indian company trade of Bengal in brief about points.
Answers
Answer:
the East Indian company trade of Bengal
Explanation:
When the East India Company first visited the Mughal court in the early 17th century, it was as supplicants attempting to negotiate favourable trading relations with Akbar’s successor, Emperor Jehangir.With Emperor Jehangir’s permission, they began to build small bases, or factories, on India’s eastern and western coasts. From these coastal toeholds, they orchestrated the profitable trade in spices, textiles and luxury goods on which their commercial success was predicated, dealing with Indian artisans and producers primarily through Indian middlemen. Meanwhile, the ‘joint stock’ organisation of the company [in which ownership was shared between shareholders] spread the cost and risk of individual voyages between investors. The company grew in both size and influence across the 17th and 18th centuries. Although always volatile, EIC shares became an important bellwether of the British economy and the company emerged as one of London’s most powerful financial institutions.