what agreements made by company with local kings
Answers
Answer:
Explanation:
The East India Company (EIC) was an English and later British ... It was formed to trade in the Indian Ocean region, initially with the East Indies (the ... from Kent who negotiated an agreement between the king and the company
Answer:
The East India Company (EIC) was an English and later British joint-stock company founded in 1600. The charter awarded the newly formed company a monopoly on exclusive permission to trade in the East Indies for a period of 15 years. Sir John Banks, a businessman from Kent who negotiated an agreement between the King and the Company began his career in a syndicate arranging contracts for victualling the navy, an interest he kept up for most of his life
Explanation:
Originally chartered as the "Governor and Company of Merchants of London Trading into the East-Indies", the company rose to account for half of the world's trade, particularly in basic commodities including cotton, silk, indigo dye, salt, spices, saltpetre, tea, and opium. The company also ruled the beginnings of the British Empire in India.
The company eventually came to rule large areas of India, exercising military power and assuming administrative functions. Company rule in India effectively began in 1757 after the Battle of Plassey and lasted until 1858 when, following the Indian Rebellion of 1857, the Government of India Act 1858 led to the British Crown assuming direct control of India in the form of the new British Raj.