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Give a brief note on East India company.
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Answer:
What is East India Company?
As the name suggested, the East Company is a company which traded in East. They came from European countries. Their aim was to trade in India as India had a rich variety of spice which became famous in Europe. It later added such items as cotton, silk, indigo, saltpeter, tea, and opium to its wares and also participated in the slave trade.
How did they started their trade?
East India Company started its first factory in West Bengal, on the banks of the River Hugli, in 1651. As trade developed, the Company asked local merchants, who acted as middle men for them, to come and settle near the factory. ... Thus they entered the political scene in India.
The British first landed in India in Surat for the purpose of trade. Here's how and why a simple trading company, the British East India Company, became one of the biggest challenges the subcontinent had ever dealt with. The British landed in India in Surat on August 24, 1608.
Rule of British Company over India:
Company rule in India effectively began in 1757 after the Battle of Plassey and lasted until 1858 when, following the Indian Rebellion of 1857, the Government of India Act 1858 led to the British Crown assuming direct control of India in the form of the new British Raj.
End of East India Company:
The Company lost all its administrative powers following the Government of India Act of 1858, and its Indian possessions and armed forces were taken over by the Crown. ... The East India Company itself was formally dissolved by Act of Parliament in 1874.
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