History, asked by Manideepbablu2454, 1 year ago

why did the english east India company need a loan from parliament ? why was the company in this awkward position?

Answers

Answered by MSMS4

The East India Company needed to take loan from Parliament because it always went bankrupt again and again due to a lot of wars by them against the Indian rulers in order to win the Indian subcontinent.

Answered by gungunsaraf179

Answer:

The east India company , which was in financial crisis in 1773, needed money to retain its control and monopoly over India. ... The company thus, in order to meet its finances, and maintain monopoly over India, sought loan.

Explanation:

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