suggest measures how trading companies could have avoided fortified trading posts
Answers
East India Company
In 1600, Queen Elizabeth; the ruler of England; gave a charter to the East India Company. The charter granted the Company the sole right to trade with the East and no other English trading group could compete with it in the East. In those days, mercantile trading companies made profit mainly by excluding competition. Lack of competition enabled them to buy cheap and sell dear.
But the royal charter could not prevent trading companies from other European nations from entering the Eastern markets. It is important to mention that Vasco da Gama had discovered the sea route to India via the Cape of Good Hope; and he was a Portuguese. Hence, before the arrival of the British, the Portuguese had already established their presence in the western coast of India. They had their base in Goa. The Dutch began to explore the possibilities of trade in the Indian Ocean by the early seventeenth century. The French followed in quick succession.
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Explanation:
From Trade To Territory
East India Company
In 1600, Queen Elizabeth; the ruler of England; gave a charter to the East India Company. The charter granted the Company the sole right to trade with the East and no other English trading group could compete with it in the East. In those days, mercantile trading companies made profit mainly by excluding competition. Lack of competition enabled them to buy cheap and sell dear.
But the royal charter could not prevent trading companies from other European nations from entering the Eastern markets. It is important to mention that Vasco da Gama had discovered the sea route to India via the Cape of Good Hope; and he was a Portuguese. Hence, before the arrival of the British, the Portuguese had already established their presence in the western coast of India. They had their base in Goa. The Dutch began to explore the possibilities of trade in the Indian Ocean by the early seventeenth century. The French followed in quick succession.