Explain the main point of difference between.
east India Company and the nawabo of beagal?
Answers
Answer:
The East India Company (EIC), also known as the Honourable East India Company (HEIC), East India Trading Company (EITC), the English East India Company or the British East India Company, and informally known as John Company,[2] Company Bahadur,[3] or simply The Company, was an English and later British joint-stock company.[4] It was formed to trade in the Indian Ocean region, initially with the East Indies (India and South East Asia), and later with Qing China. The company ended up seizing control of large parts of the Indian subcontinent, colonised parts of Southeast Asia and Hong Kong after the First Opium War, and maintained trading posts and colonies in the Middle Eastern Gulf called Persian Gulf Residencies.[5]
The areas of conflict between the Bengal nawabs and the East India Company are mentioned below:
The Bengal nawabs asserted their power and autonomy and refused to grant the company concessions.
They demanded large tributes for the Company’s right to trade.
They denied the Company any right to mint coins and stopped the Company from extending its fortifications.
Accusing the Company of deceit, they claimed that the Company was depriving the Bengal government of huge amounts of revenue and undermining the authority of the Nawab. It was refusing to pay taxes, writing disrespectful letters, and trying to humiliate the Nawab and his officials.
The Company on its part declared that the unjust demands of the local officials were ruining the trade of the Company, and trade could flourish only if the duties were removed.