Social Sciences, asked by MarvelousMoksh, 11 months ago

what is the difference between British history records and records by Indians?

Answers

Answered by Praneeth331
1
The East India Company was established in 1600 as a joint-stock association of English merchants who received, by a series of charters, exclusive rights to trade to the 'Indies'. The 'Indies' were defined as the lands lying between the Cape of Good Hope and the Straits of Magellan, and the Company soon established a network of warehouses or 'factories' throughout south and east Asia. Over a period of 250 years the Company underwent several substantial changes in its basic character and functions. 

A period of rivalry between the Old and New Companies after 1698 resulted in the formation in 1709 of the United Company of Merchants Trading to the East Indies. This 'new' East India Company was transformed during the second half of the eighteenth century from a mainly commercial body with scattered Asian trading interests into a major territorial power in India with its headquarters in Calcutta. The political implications of this development eventually caused the British government in 1784 to institute standing Commissioners (the Board of Control) in London to exercise supervision over the Company's Indian policies. 

This change in the Company's status, along with other factors, led to the Acts of Parliament of 1813 and 1833, which opened the British trade with the East Indies to all shipping and resulted in the Company's complete withdrawal from its commercial functions. The Company continued to exercise responsibility, under the supervision of the Board, for the government of India until the re-organisation of 1858

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