Question

What was the advantage acquired by the Charter issued by Queen Elizabeth 1.

Answer 1

Answer:

Queen Elizabeth I of England grants a formal charter to the London merchants trading to the East Indies, hoping to break the Dutch monopoly of the spice trade in what is now Indonesia.

In the first few decades of its existence, the East India Company made far less progress in the East Indies than it did in India itself, where it acquired unequaled trade privileges from India’s Mogul emperors. By the 1630s, the company abandoned its East Indies operations almost entirely to concentrate on its lucrative trade of Indian textiles and Chinese tea. In the early 18th century, the company increasingly became an agent of British imperialism as it intervened more and more in Indian and Chinese political affairs. The company had its own military, which defeated the rival French East India Company in 1752 and the Dutch in 1759

Answer 2

Answer:

The East India Company was granted the Royal Charter on 31 December, 1600 by Queen Elizabeth I. As a consequence of this Charter the British East India Company set up trading establishments on the east and west coasts of India and in Bengal. The Company's ships first arrived in India, at the port of Surat, in 1608.

In 1600, the East India Company acquired a charter from the ruler of England, Queen Elizabeth I, granting it the sole right to trade with the East, without competition from other British traders.