Why was East India Company abolished after 1857?
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Answer:
Because
i. It had gone bankrupt and was unable to pay its loans.
ii, It failed to administer India and keep it under the control of Britain
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Answered by
1
Answer:
The Indian Rebellion was to be the end of the East India Company. In the wake of this blood y uprising, the British government effectively abolished the Company in 1858. All of its administrative and taxing powers, along with its possessions and armed forces, were taken over by the Crown.
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