why did East India company incur financial burden during Wallace please Regime
Answers
In 1600, a group of London merchants led by Sir Thomas Smythe petitioned Queen Elizabeth I to grant them a royal charter to trade with the countries of the eastern hemisphere. And so, the ‘Honourable Company of Merchants of London Trading with the East Indies’ – or East India Company, as it came to be known – was founded. Few could have predicted the seismic shifts in the dynamics of global trade that would follow, nor that 258 years later, the company would pass control of a subcontinent to the British crown. The company has recently been featured in BBC One’s period drama Taboo – central character James Delaney, played by Tom Hardy, comes into conflict with the EIC, which is characterised as a mighty and villainous organisation. In reality, how did this company gain and consolidate its power and profit?
Lord Wellesley defeated the armies of various Maratha family from 1803 to 1805 .but his battle thristiness increase the financial burden of the company
(Refer: second anglo maratha war page no 13)