Question

List four things that the European companies undertook to eliminate rival competitors during the 17th and 18th centuries.

Answer 1

Answer:

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Answer 2

European companies undertook several strategies to eliminate rival competitors during the 17th and 18th centuries

Explanation:

• All European companies  were interested in the same commodity when they had come to India for trade. There was strong competition between them and this drove up the price. This reduced the profit volume that could be earned. European enterprises realised that they could survive by eliminating their rivals
• The desire to secure markets  led to fierce conflicts amongst the trading companies. Through the 17th & 18th centuries they destroyed each other’s ships by sinking them, prevented ships of rivals from moving their goods' supplies, and blockaded routes.
• Trade was carried on with arms and trading posts were secured by way of fortification. This effort to undertake profitable trade  and  fortify settlements resulted in intense battles with local rulers