Explain the rights bestowed on the East India Company by the Royal
Charter of 1600.
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In 1600, a group of English businessmen asked Elizabeth I for a royal charter that would let them voyage to the East Indies on behalf of the crown in exchange for a monopoly on trade.
The merchants put up nearly 70,000 pounds of their own money to finance the venture, and the East India Company was born.
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The East India Company's royal charter gave it the ability to “wage war,” and initially it used military force to protect itself and fight rival traders. In 1757, however, it seized control of the entire Mughal state of Bengal.
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