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History of the East India Company

by Harshit
History of the East India Company

With the help of this post today, I am going to tell you about the History of the East India Company, if you want to know about the East India Company, then you can read this post, so let’s start…

History of the East India Company

In 1600 the East India Company received a charter from the ruler of England, Queen Elizabeth I, granting it the sole right to trade with the East. This meant that no other trading group in England could compete with the East India Company. With this charter the company could venture into the oceans, looking for new lands from which it could buy goods at cheap prices, and take them back to Europe to sell at high prices. The company did not fear competition from other English trading companies. Mercantile trading companies in those days profited mainly by bypassing the competition, so that they could buy cheap and sell dear.

History of the East India Company

History of the East India Company

The royal charter, however, could not prevent other European powers from entering the eastern markets. By the time the first English ships sailed down the west coast of Africa, crossing the Cape of Good Hope and the Indian Ocean, the Portuguese had already established their presence in the west coast of India, and had their base in Goa. In fact, it was Vasco da Gama, a Portuguese explorer, who discovered this sea route to India in 1498. By the early seventeenth century, the Dutch were also exploring the possibilities of trade in the Indian Ocean. Soon French merchants arrived at the scene.

The royal charter, however, could not prevent other European powers from entering the eastern markets. By the time the first English ships sailed down the west coast of Africa, crossing the Cape of Good Hope and the Indian Ocean, the Portuguese had already established their presence in the west coast of India, and had their base in Goa. In fact, it was Vasco da Gama, a Portuguese explorer, who discovered this sea route to India in 1498. By the early seventeenth century, the Dutch were also exploring the possibilities of trade in the Indian Ocean. Soon French merchants arrived at the scene.

Maratha State

Maratha State

Maratha State

This attempt to fortify settlements and conduct profitable trade led to intense conflict with the local rulers. So the company found it difficult to separate business from politics. Let us see how it happened.

This attempt to fortify settlements and conduct profitable trade led to intense conflict with the local rulers. So the company found it difficult to separate business from politics. Let us see how it happened.

Conclusion

Through this post, I have told you about the History of the East India Company and apart from this I have also told about the Maratha State associated with the East India Company, if you people like the information given by me, then this post Do share with your other friends also. Thank you

Also read:

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CRAFTS AND INDUSTRIES OF INDIA DURING THE BRITISH RULE

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