Write about transformation of British from a trading company to a colonial power.
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Answer:
Explanation:
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. The British had initially come to India in search of new markets for their goods and to conduct profitable trade in spices, cotton and silk. However, the Portuguese, French and Dutch were also in the fray. ... Finally, through either annexation or vassalship, the British became the political rulers of India. Governor General Cornwallis
Thus, in the late 18th and the early 19th centuries the idea of 'improvement' became a part of the civilizing process. The then Governor General Cornwallis introduced permanent settlement in Bengal as a part of his vision of improvement as the magic touch of property would create capital and market in land. They obtained permission (Dastakath) to trade without any tax in the Bengal Province (the present Bengal, Bihar and Odisha) and in Agra from the Mughal Emperor Farroq Siyara. These measures enabled the British to gain more strength. Britain became powerful through its businesses that invested in the colonies. These businesses ensured that extra capital flowed through Britain, which in turn kick started the industrial revolution, which again allowed more capital to flow through Britain.