write a summary on lesson from trade to territory
Answers
Answered by
4
Answer:
East India Company comes East:
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 powerful naval force, British won over other European powers and became the champion of struggle of monotony of trade.
Similar questions