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WRITE SOME POINTS ABOUT BRITISH EAST INDIA COMPANY IN UR WORDS.
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Answer:
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Explanation:
The East India Company was an English company formed for the exploitation of trade with East and Southeast Asia and India. Incorporated by royal charter on December 31, 1600, it was started as a monopolistic trading body so that England could participate in the East Indian spice trade.
BRITISH EAST INDIA COMPANY
⏺️The British East India Company was a private corporation formed in December 1600 to establish a British presence in the lucrative Indian spice trade, which until then had been monopolized by Spain and Portugal.
⏺️The company eventually became an immensely powerful agent of British imperialism in South Asia and the de facto colonial ruler of large parts of India.
⏺️ Partly because of endemic corruption, the company was gradually deprived of its commercial monopoly and political control, and its Indian possessions were nationalized by the British crown in 1858.
⏺️It was formally dissolved in 1874 by the East India Stock Dividend Redemption Act (1873).