Question

Note on East India Company.

Answer 1

The east india company also known as honorable east india company or the british east india company and informally as John company, was an english and later british joint stock company.
it was established on 31 december 1600 in britain with objective to trade with india.
english were allowed to set up a permanent factory ay surat in 1613 by Mughal emperor Jahangir.

Answer 2

In 1600 royal charter granted to East India Company granting the sole right to trade with the East.

East India Company bought goods at a cheap price and sold them at higher price in Europe.

Cotton and silk produced in India had a big market in Europe.

Pepper, cloves, cardamom and cinnamon were in great demand.

East India company and its officials accumulated wealth by the trade of India and caught attention of other european powers.

English east India company had to compete with other europian companies such as Franch, Dutch and Portugese.

Because of the powerfull naval force British won over other european powers and became the champiion of struggle of monotony of trade.