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How business led to betting during the East India Company

by Harshit
How business led to betting during the East India Company

Through this post, I am going to tell you how business led to betting during the East India Company. Through the post, I have told you all the things related to the betting business of the East India Company, let’s start…

How business led to betting during the East India Company

The conflict between the Company and the Nawabs of Bengal intensified in the early eighteenth century. After the death of Aurangzeb, the Nawabs of Bengal claimed their own power and autonomy, as were doing other regional powers at that time. After Murshid Quli Khan Alivardi Khan and then Siraj ud Daula were appointed as Nawab of Bengal.

How business led to betting during the East India Company

How business led to betting during the East India Company

Each one of them was a strong ruler. He refused the Company’s concessions, demanded a large tribute for the Company’s right to trade, denied it the right to mint coins, and prevented it from expanding its fortifications. Accusing the company of deceit, he claimed that the company was depriving the Bengal government of huge amounts of revenue and curtailing the authority of the Nawab. It was refusing to pay taxes, writing abusive letters, and trying to humiliate the Nawab and his officers..

business during the East India Company scaled

The company, on its part, declared that the unjust demands of the local authorities were ruining the company’s business, and that business could flourish only if the duties were removed. It was also convinced that to expand trade it had to expand its settlements, buy villages and rebuild its forts.

Conflicts ensued and eventually culminated in the famous Battle of Plassey.

Conclusion

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Also read:

HISTORY OF BHAKTI AND SUFI MOVEMENT

HISTORY OF THE EAST INDIA COMPANY

EAST INDIA COMPANY’S TRADE IN BENGAL

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