write in detail the policy of the Company towards Bengal.Long answer
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Answer:
Commercial Policy:
From 1600 to 1757 the East India Company’s role in India was that of a trading corporation which brought goods or precious metals into India and exchanged them for Indian goods like textiles and spices, which it sold abroad. Its profits came primarily from the sale of Indian goods abroad.Naturally, it tried constantly to open new markets for Indian goods in Britain and other countries. Thereby, it increased the export of Indian manufacturers and thus encouraged their productionThis is the reason why Indian rulers tolerated and even encouraged the establishment of the Company’s factories in India. But, from the very beginning, the British manufacturers were jealous of the popularity that Indian textiles enjoyed in Britain.
All of a sudden, dress fashions changed and light cotton textiles began to replace the coarse woolens of the English. Before, the author of the famous novel, Robinson Crusoe, complained that Indian cloth had “crept into our houses, our closets and bed chambers; curtains, cushions, chairs, and at last beds themselves were nothing but calicos or India stuffs”.
The British manufacturers put pressure on their government to restrict and prohibit the sale of Indian goods in England. By 1720, laws had been passed forbidding the wear or use of printed or dyed cotton cloth. In 1760 a lady had to pay a fine of £200 for possessing an imported handkerchief.
Moreover, heavy duties were imposed on the import of plain cloth. Other European countries, except Holland, also either prohibited the import of Indian cloth or imposed heavy import duties.
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