What is the history of East India Company?
What is the history of East India Company?
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.
What happened during The East India Company?
Partly because of endemic corruption, the company was gradually deprived of its commercial monopoly and political control, and its Indian possessions were nationalized by the British crown in 1858. It was formally dissolved in 1874 by the East India Stock Dividend Redemption Act (1873).
When did The East India Company established in India?
December 31, 1600
The English East India Company was incorporated by royal charter on December 31, 1600 and went on to act as a part-trade organization, part-nation-state and reap vast profits from overseas trade with India, China, Persia and Indonesia for more than two centuries.
What happened when East India Company came to India?
The Company lost all its administrative powers following the Government of India Act of 1858, and its Indian possessions and armed forces were taken over by the Crown.
What is the full name of East India Company?
The East India Company (EIC) was an English, and later British, joint-stock company founded in 1600. It was formed to trade in the Indian Ocean region, initially with the East Indies (the Indian subcontinent and Southeast Asia), and later with East Asia.
Who was the founder of the East India Company?
John Watts
Thomas Smythe
East India Company/Founders
What were the three main goals of the East India Company?
Establish trading posts in India. 2. Bring those trade goods back to Britain, to make a profit for investors. 3.
Who was the first British to land in India?
The first British to land in India were led by Robert Clive. Although the British had many reasons for coming to India, they ultimately wanted to control the country’s vast resources. The British rule in India lasted for nearly two centuries, until 1947 when India finally gained independence.
What is the nickname of English East India Company?
John Company
The Honourable East India Company (HEIC) was incorporated on 31 Dec 1600 by Queen Elizabeth I and was often called by its nickname John Company.