Explain the views of East India Company and Nawabs of Bengal regarding trade practices of East India Company?
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the British East India Company, from paying customs or transit duties on their private ... The practice was introduced by Robert Clive, one of the creators of British. ... power in India, when he had Mīr Jaʿfar installed as nawab of Bengal in 1757. ... trade were finally abolished by Warren Hastings, governor of Bengal (1775).
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views of East India Company and Nawabs of Bengal regarding trade practices of East India Company
Explanation:
- On Hugli riverbank in Bengal in 1651 the first English factory was established. As the East India Company grew, traders and merchants were persuaded of coming and settling close to the factory. By 1696 the enterprise began to build a fort near the settlement of Hugli.
- By 1696, a fort around the Hugli settlement was established by the company. The Mughal authorities had bribed Zamindari to grant the business rights in 3 villages, one being Calcutta..
- The Bengal Nawab 's conflict with the East India Corporation began as the Nawabs denied to allow concessions to the company and requested large tributes for the company's trading rights . The Nawabs also refused the company the permission to mint coins and prohibited its fortifications from being expanded.
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