How did the East India Company get the right to do trade with the East ?
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The East India Company was initially created in 1600 to serve as a trading body for English merchants, specifically to participate in the East Indian spice trade. It later added such items as cotton, silk, indigo, saltpeter, tea, and opium to its wares and also participated in the slave trade.
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- How the East India Company became the world's most powerful business. After overseeing the defeat of the Spanish Armada, Queen Elizabeth I issued a royal charter authorizing British merchants to trade in the East Indies on behalf of the crown
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