What was the British East India Company, and how did it become so powerful in colonial India?
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Explanation:
It was an English company formed for the exploitation of trade with East and Southeast Asia and India. Although it started as a monopolistic trading body, it became involved in politics and acted as an agent of British imperialism in India from the early 18th century to the mid-19th century.Jan 23, 2020
Answer: The British East India Company was a private company that controlled the trade coming in and out of India. They traded in goods, such as spices, cotton textiles, indigo, and opium. In the beginning, they had trade relationships with local leaders. As the Mughal Empire began to fail, they created a private government in India. They appointed a governor-general, collected taxes, and organized a private army. Most importantly, they set economic policies that would benefit the company and Britain, not India.
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