Question

Short note on East India company​

Answer 1

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The British East India Company (1600–1858) was originally a private company granted a trade monopoly with the East Indies by Queen Elizabeth I. Its success in extracting concessions from native rulers eventually led to its de facto control over much of modern India between 1757 and 1858. The British East India Company played a key role in one of the most successful periods of British history. The East India Company was responsible for the invasion of the Indian subcontinent, which became one of the empire's leading supplier of profits.

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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.