What do you think would have happened if the English company was defeated by its French and Dutch rivals? How would it have affected the history of india?
Answers
Answer:
nothing affected the history of india
Explanation:
Answer:
The East India Company (EIC), also known as the Honourable East India Company (HEIC), East India Trading Company (EITC), the English East India Company or the British East India Company, and informally known as John Company, Company Bahadur, or simply The Company, was an English and later British joint-stock company. It was formed to trade in the Indian Ocean region, initially with the East Indies (the Indian subcontinent and Southeast Asia), and later with Qing China. The company ended up seizing control of large parts of the Indian subcontinent, colonised parts of Southeast Asia and Hong Kong after the First Opium War, and maintained trading posts and colonies in the Persian Gulf Residencies.
During its first century of operation, the focus of the company was trade, not the building of an empire in India. Following the First Anglo-Mughal War,[13] the company interests turned from trade to territory during the 18th century as the Mughal Empire declined in power and the East India Company struggled with its French counterpart, the French East India Company (Compagnie française des Indes orientales) during the Carnatic Wars of the 1740s and 1750s in southern India. The battles of Plassey and Buxar, in which the company defeated the Nawabs of Bengal, left the company in control of the proto-industrialised Mughal Bengal with the ability to collect revenue, in Bengal and Bihar, and a major military and political power in India. In the following decades it gradually increased the extent of its territories, controlling the majority of the Indian subcontinent either directly or indirectly via local puppet states under the threat of force by its Presidency armies, much of which were composed of native Indian sepoys. The company invaded the island of Dutch Ceylon (now Sri Lanka) in 1795 .
Widespread corruption and looting of Bengal resources and treasures during its rule resulted in poverty. A proportion of the loot of Bengal went directly into Clive's pocket. Famines, such as the Great Bengal famine of 1770 and subsequent famines during the 18th and 19th centuries, became more widespread, chiefly because of exploitative agriculture promulgated by the policies of the East India Company and the forced cultivation of opium in place of grain. When the Company first arrived, India produced over a third of the world's GDP. Critics have argued the company damaged the Indian economy through exploitive economic policies and looting.
The Dutch East India Company, officially the United East India Company (Dutch: Vereenigde Oostindische Compagnie; VOC; Indonesian: Kompeni), was a megacorporation founded by a government-directed amalgamation of several rival Dutch trading companies (voorcompagnieën) in the early 17th century. It was established on 20 March 1602, as a chartered company to trade with Mughal India during the period of proto-industrialization, from which 50% of textiles and 80% of silks were imported, chiefly from its most developed region known as Bengal Subah. In addition, the company traded with Indianised Southeast Asian countries when the Dutch government granted it a 21-year monopoly on the Dutch spice trade. It has been often labelled a trading company (i.e. a company of merchants who buy and sell goods produced by other people) or sometimes a shipping company. However, the VOC was in fact a proto-conglomerate, diversifying into multiple commercial and industrial activities such as international trade (especially intra-Asian trade), shipbuilding, and both production and trade of East Indian spices, Indonesian coffee, Formosan sugarcane,[3][4] and South African wine. The company was a transcontinental employer and a corporate pioneer of outward foreign direct investment at the dawn of modern capitalism. In the early 1600s, by widely issuing bonds and shares of stock to the general public, VOC became the world's first formally listed public company.
In 1622, the history's first recorded shareholder revolt also happened among the VOC investors who complained that the company account books had been "smeared with bacon" so that they might be "eaten by dogs." The investors demanded a "reeckeninge," a proper financial audit.[125] The 1622 campaign by the shareholders of the VOC is a testimony of genesis of corporate social responsibility (CSR) in which shareholders staged protests by distributing pamphlets and complaining about management self enrichment and secrecy.[126]