Question

The english east india company was founded in _______..

Answer 1

in 31 December , 1600 it was founded

Answer 2

Answer:

The English East India company was founded in 1600.

Explanation:

The East India company of England was started by some British merchants.

In 1600, Queen Elizabeth 1 gave it the exclusive right to trade with the East.

This meant that no other trading group from England could compete with the company.

In 1612, the company set up its first factory in Surat.

Subsequently, the company established trading settlements in Madras (now Chennai), Bombay (now Mumbai) and Calcutta (now Kolkata).

Trade yielded enormous profit, and the company became very rich.

It gradually began to interfere in the internal affairs of India.