Question

How did the trading companies try to secure markets in Eastern countries?
Detailed ​

Answer 1

Answer:

trade was actually the main cause of battle. once a country comes to another country for trade it has the greed to acquire more amount of goods in less money and then sell it to other countries in higher prices. this was the florishing trade during that time from late 18th century till the 20th century.

Explanation:

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Answer 2

In 1600, a group of English businessmen asked Elizabeth I for a royal charter that would let them voyage to the East Indies on behalf of the crown in exchange for a monopoly on trade. The merchants put up nearly 70,000 pounds of their own money to finance the venture, and the East India Company was born

Explanation:

• In 1600 "Queen Elizabeth",  the English ruler had given the East India Company a charter. The charter gave the Company the exclusive right to trade with the East & no other "English trading group" in the East could compete with it. " Mercantile trading firms" earned benefit in those days primarily by eliminating competition. Failure to compete allowed them to purchase cheap & sell dear.
• However the royal charter couldn't block other European country trading firms from joining the Eastern markets. It is noteworthy to emphasize that Vasco da Gama had found through the "Cape of Good Hope" the "sea route" to India; and he was a "Portuguese". Therefore the Portuguese had already set up  their presence on the "west coast" of India even before the British had arrived. They were based in Goa. In the early 17th century the Dutch started to investigate the possibilities of trade in the Indian Ocean. The French followed suit quickly.
• India has produced fine silk & cotton qualities that had  a large European market. A wide variety of spices were also in demand in Europe, such as pepper, cloves, cardamom & cinnamon. All European firms wanted to buy these items, leading to the price increase of these items. The potential profit was therefore reduced. The only way to thrive for a trading company was to eliminate rival competitors. The strong competition for a monopoly led to a heated struggle between trading firms. The trade in arms was continued, the trading posts were protected by fortification.

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