what were the conditions for the establishment of East India Company
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After the decline of the Mughal Empire post the reign of Aurangzeb, profitable areas like Bengal were divided between Nawabs.
The British and the Nawabs had frequent fights over revenue division. Beginning with attempts in 1696, in 1757, after the Battle of Plassey, British rule truly started in India.
After this war, outflow of gold from Britain stopped and India was opened to cheap British manufactures.
Through annexation, war and alliances one by one all Indian states were under British rule.
The company influence increased by setting up Presidencies in Calcutta, Mumbai and Madras.
The rule of the company severely damaged India’s cottage industry and textiles. The company officials enriched themselves with total disregard for local customs and laws.
Their control extended to spheres of finance as well.
The company collected taxes as high as 89% of the produce and then imposition of the Permanent settlement system, giving Zamindars hereditary rights and tax paid on value of land.
By setting up a system of courts and collectors to get revenue and modernising the army, the East India Company controlled nearly 63 per cent of the country by 1857.
The British and the Nawabs had frequent fights over revenue division. Beginning with attempts in 1696, in 1757, after the Battle of Plassey, British rule truly started in India.
After this war, outflow of gold from Britain stopped and India was opened to cheap British manufactures.
Through annexation, war and alliances one by one all Indian states were under British rule.
The company influence increased by setting up Presidencies in Calcutta, Mumbai and Madras.
The rule of the company severely damaged India’s cottage industry and textiles. The company officials enriched themselves with total disregard for local customs and laws.
Their control extended to spheres of finance as well.
The company collected taxes as high as 89% of the produce and then imposition of the Permanent settlement system, giving Zamindars hereditary rights and tax paid on value of land.
By setting up a system of courts and collectors to get revenue and modernising the army, the East India Company controlled nearly 63 per cent of the country by 1857.
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