Question

Why did the European trading companies become rivals of each other during the

seventeenth and the eighteenth centuries?​

Answer 1

Answer:

There was rivalry between the trading companies of different European countries in India because:

1. The amount of trade was not sufficient to sustain all the companies.

2. There was a competition to make more profit.

3. In order to gain more trade facilities they had to gain political control over the areas.

4. Each company started building its army to protect its interests in India which led to many wars.