in which year the first English company came up
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December 31, 1600
The East India Company was incorporated by royal charter on December 31, 1600. It was an English company formed for the exploitation of trade with East and Southeast Asia and India
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First "East India Company" factory opened in Surat in January 1613. These early remnants of the "British Empire" are no longer visible after four centuries.
- The company's operations had a significant impact on the world trade balance, nearly single-handedly reversing the pattern of the eastward flow of Western bullion that dates back to Roman times.
- In the middle of the 1700s and the beginning of the 1800s, the County executive and Company of Traders of London Trading into to the East-Indies," originally chartered, grew to control half of the world's trade, particularly in basic goods like "textiles", "silk", "indigo dye", "sugar", "salt", "spices", "tea", and "opium".
- The business also held sway over India during the early days of the British Empire.
- In the end, the business came to govern huge portions of India, using its military might and taking on administrative duties.
- Just after Battle of Plassey, british rule in India officially started in 1757 and continued until the Indian Revolt of 1857, when the Indian act 1858 resulted in the British Crown establishing direct control over India in the shape of the emergent British Raj.
- The government intervened frequently, but the business continued to experience financial issues.
- The "East India Stock Dividend Redemption" Act, passed a year earlier, caused the corporation to be dissolved since the Government of India Act had by that point rendered it outdated, impotent, and vestigial.
- The British Raj's troops had been absorbed by the formal government apparatus, which now performed all of its governmental duties.
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