Question

ii) Name some of the European powers who formed the East India company. Why did they do so?​

Answer 1

Answer:

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Explanation:

Dutch the Dutch East India Company was formed in 1602. They set up settlements at Masulipattanam, Pulicat, Surat, Karaikal, Nagapattinam, Chinsura, Kasimbazar, Baranagore, Patna, Balasore and Cochin. In the 17th century, they defeated Portuguese and replaced portuguese as the most dominant power in European trade in the East, including India.

Answer 2

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The East India Company was an English company formed for the exploitation of trade with East and Southeast Asia and India. Incorporated by royal charter on December 31, 1600, it was started as a monopolistic trading body so that England could participate in the East Indian spice trade.