Question

Explain the three major steps taken by the east india company to assert monopoly over right to trade

Answer 1

1. The East India defeated rival European countries like the French East India Company.
2. The East India took over the rule of areas like Bengal, Madras, and Bombay from where they could exercise monopoly over trade.
3. The East India formed alliances with various native rulers who gave them preferential treatment in matters of trading over other European companies.