Question

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

Answer 1

Answer:

The East India Company asserted monopoly over the Indian traders. They wanted to eliminate the traders that were already there and established their direct control over the weavers. The EIC appointed Gomasthas who were paid servants looking after the weavers and their supplies.

Answer 2

Answer:

East India Company Comes East

• East India Company Comes EastIn 1600, the East India Company acquired a charter from the ruler of England, Queen Elizabeth I, granting it the sole right to trade with the East, without competition from other British traders.
• East India Company Comes EastIn 1600, the East India Company acquired a charter from the ruler of England, Queen Elizabeth I, granting it the sole right to trade with the East, without competition from other British traders.But that royal charter could not stop other European powers such as the Portuguese, Dutch, and French. And all those European companies wanted to buy the same things from India - fine qualities of cloth and spices.
• East India Company Comes EastIn 1600, the East India Company acquired a charter from the ruler of England, Queen Elizabeth I, granting it the sole right to trade with the East, without competition from other British traders.But that royal charter could not stop other European powers such as the Portuguese, Dutch, and French. And all those European companies wanted to buy the same things from India - fine qualities of cloth and spices.As competition grew, profits fell, and the European trading companies started building forts and fighting each other.

❤️