Important of studying history
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- To understand people and societies better
- helps us to understand why certain rules and cultures have been followed till today and why some other disappeared.
- To know our own roots. It makes us to know about who our ancestors were.
- Knowledge of history helps in interpreting data and information objectively.
- Study of historical figures who endured adversity inspires us.
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Explanation:
The first English factory in Bengal was established at Hugli in 1651 under permission of Sultan Shuja, the Viceroy of Bengal who granted them the privilege of trading in return for a fixed annual payment of duties worth Rs.3000.
Soon they established their factories at Qasim Bazar, Patna and other regions nearby. The main items of English trade were silk, cotton piece goods, saltpetre and sugar. Through a series of Farman in 1651, 1656 and 1672 the British were exempted from custom duties in return for fixed sums to be paid by the Company to the Indian authorities.
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