what was the problems faced by the east india company while expanding trade
Answers
Answer:
The East india Company faced numerous problems during its expansion.
Explanation:
The company faced financial challenges.The company also faced stiff competition from the Dutch and the French during the 17th and 18th centuries over spices brought from the Spice Islands.
The company waged numerous battles against their rivals.This lead to a depletion of resources and manpower.
The company faced competition from Britain during the Industrial revolution. The company was engaged in the trade of textiles.Britain started producing their own textile thereby reducing the company's returns.
Literally, the East India Company has no worries when they planned to expand their trade around the 15th century. However, the practical difficulties came along with their plan of expansion when EIC started to expand their territory of trade. Among all the problems Dutch and French posed more threats. They were considered as the powerful rivals to the EIC.
The EIC had fall into deep financial crunch whenever their rivals waged war against the company.