Why the east india company acquired a charter from the ruler of england ? Who was the ruler of england in that time?
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Queen Elizabeth I of England grants a formal charter to the London merchants trading to the East Indies, hoping to break the Dutch monopoly of the spice trade in what is now Indonesia.
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In 1600, queen Elizabeth I granted monopoly to EIC ( east india company) for trade with east indies and no other English trading companies or groups could compete with it in the east
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