Question

How did European company company established control over Indian trade

Answer 1

The European companies gradually established control over the Indian trade. First of all, they secured a variety of concessions from local courts. Afterwards they got success in achieving monopoly rights to trade. This resulted in a decline of the old ports of Surat and Hoogly through which local merchants• had operated.Exports from these ports fell dramatically, the credit that had financed the earlier trade began drying up, and the local bankers slowly went bankrupt.
While Surat and Hoogly decayed, Bombay and Calcutta grew. This shift from the old ports to the new ones was an indicator of the growth of colonial power. Trade through these new ports began to be controlled by European companies and was carried in European ships.

Answer 2

Answer:

Explanation:The European companies gradually established control over the Indian trade. First of all, they secured a variety of concessions from local courts. Afterwards they got success in achieving monopoly rights to trade. This resulted in a decline of the old ports of Surat and Hoogly through which local merchants• had operated.Exports from these ports fell dramatically, the credit that had financed the earlier trade began drying up, and the local bankers slowly went bankrupt.

While Surat and Hoogly decayed, Bombay and Calcutta grew. This shift from the old ports to the new ones was an indicator of the growth of colonial power. Trade through these new ports began to be controlled by European companies and was carried in European ships.