Which factors led to the trade of the east india company to be a powerful ruler of the indian territory?
Answers
Answer:
From Trade to Territory
The Mughal Empire ruled most of the Indian Territory, right from the early 16th century to the mid 19th century. However, there were a series of eventful incidents that led to the fall of the Mughal Empire and resulted in the powerful Britishers taking over our country. As they took over the country they introduced the concept of trade and then used the same concept against us.
In this chapter, we will look at a brief outline of the series of events that gave the British, the power of our country. It all started with the East India Company arriving at the East.
Explanation:
The East India Company Comes to India
In the year 1600, the royal charter was granted to the East India Company. This gave them the right to trade with the East solely.
The East India Company bought goods from Indians at a cheap price and sold them at a much higher price in Europe.
Back then, silk and cotton produced in India had a big market in Europe.
Spices like pepper, cloves, cardamom, and cinnamon were in great demand.