the East India Company conquest to India write types of notes
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The first English factory was established on the hugli river in 1651. At that time the trading was prosperous while the British fortified their settlements. They also succeeded in getting rights over three villages namely Satunati, Govindpur and Kolikata. These three villages laid to the foundation of Calcutta which was their opto 1910.They also manage to extract the right to dutyfree trade to mughal emperor Aurangzeb. The practice of company officers carrying on private trade and not paying the taxes led to the huge losses of the revenue of Bengal.As a result, the Nawab of Bengal Murshid Kuli Khan got infuriated.
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.