The East India company acquired a charter from the ruler of England ....................
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The East India Company acquired a charter granting it the sole right to trade with the East in 1600. This was granted to it by the ruler of England, Queen Elizabeth I.
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1. In 1600 the East India company acquired a character from the ruler of England.
2. Queen Elizabeth granted at the sole why to trade with the East.
3.This meant that no other trading grkoup in England complete with East India company.
4. With this character the company could venture across the oceans.
5. It could look for new lands.
6.From them it would buy products at cheap price and carry them back to Europe to sell at higher prices.
7.The company did not have to fair competition from other English trading companies.
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