History, asked by ankithaatharamal, 4 months ago

What do you mean by charter? What kind of charter did East India Company acquire in the year 1600?

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Answered by krupa212010106

4

In 1600, a group of English businessmen asked Elizabeth I for a royal charter that would let them voyage to the East Indies on behalf of the crown in exchange for a monopoly on trade. The merchants put up nearly 70,000 pounds of their own money to finance the venture, and the East India Company was born.

Answered by st821764

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Answer:

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