write a note on rhe important milestones in the growth of the east india company in india
Answers
Answer:The East India Company was incorporated by royal charter on December 31, 1600. It was an English company formed for the exploitation of trade with East and Southeast Asia and India. Although it started as a monopolistic trading body, it became involved in politics and acted as an agent of British imperialism in India from the early 18th century to the mid-19th century. After being weakened for decades, it ceased to exist as a legal entity in 1873.
The East India Company was initially created in 1600 to serve as a trading body for English merchants, specifically to participate in the East Indian spice trade. It later added such items as cotton, silk, indigo, saltpeter, tea, and opium to its wares and also participated in the slave trade. The company eventually became involved in politics and acted as an agent of British imperialism in India from the early 1700s to the mid-1800s.
The East India Company was an English company formed for the exploitation of trade with East and Southeast Asia and India. Incorporated by royal charter on December 31, 1600, it was started as a monopolistic trading body so that England could participate in the East Indian spice trade. It also traded cotton, silk, indigo, saltpeter, and tea and transported slaves. It became involved in politics and acted as an agent of British imperialism in India from the early 18th century to the mid-19th century. From the late 18th century it gradually lost both commercial and political control. In 1873 it ceased to exist as a legal entity.
this is your answer deeptisehgal472
In 1600 royal charter granted to East India Company granting the sole right to trade with the East.
East India Company bought goods at a cheap price and sold them at higher price in Europe.
Cotton and silk produced in India had a big market in Europe.
Pepper, cloves, cardamom and cinnamon were in great demand.
East India company and its officials accumulated wealth by the trade of India and caught attention of other european powers.
English east India company had to compete with other europian companies such as Franch, Dutch and Portugese.
Because of the powerfull naval force British won over other european powers and became the champiion of struggle of monotony of trade.