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.
What was the original purpose of the British East India Company quizlet?
The British East India Company, was a joint-stock company which was granted an English Royal Charter [contract] by Elizabeth I on December 31, 1600, with the intention of exploring and trading with India and the surrounding areas. The goal was to make money for the company’s shareholders.
What purpose did the British originally came to India?
The British first landed in India in Surat for the purpose of trade. Here’s how and why a simple trading company, the British East India Company, became one of the biggest challenges the subcontinent had ever dealt with. The British landed in India in Surat on August 24, 1608.
What were the three main goals of the East India Company?
1. Establish trading posts in India. 2. Bring those trade goods back to Britain, to make a profit for investors.
What was the British East India Company What was their goal in India 2 How were the British initially treated by the Mughal Government in what did they trade India?
The British East India Company started out as a strictly commercial business. The goal was to make money for the company’s shareholders. In 1608, the company established its first trading post in India. In the 1600s, the Mughal Empire was in control of India.
What happened to the East India Company?
The East India Company itself was formally dissolved by Act of Parliament in 1874. Thus began the British Raj, direct imperial rule of India by the British state.
How did the East India Company took over India?
Company rule in India effectively began in 1757 after the Battle of Plassey and lasted until 1858 when, following the Indian Rebellion of 1857, the Government of India Act 1858 led to the British Crown assuming direct control of India in the form of the new British Raj.
What was the purpose of the East India Company behind the merger policy during 1850s?
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 was one positive result of the British Raj’s rule in India?
What was one positive result of the British raj’s rule in India? India had a developed infrastructure, including railroads and communications.
Why was the East India Company able to function with so much power to the point of making its own home country Britain worried about the company’s operations?
Why was the East India Company able to function with so much power—to the point of making its own home country, Britain, worried about the company’s operations? … Britain built significant infrastructure in India, which benefited India but was primarily aimed to help Britain extract profit from India’s resources.
How was the British East India Company influential in the region quizlet?
The East India Company introduced the English language and a new education system. It also banned some traditional customs and invited Christian missionaries to spread their beliefs. Some Indians believed the British were attacking their customs, and the practice of Hinduism.