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.
Who established East India Company?
John Watts
East India Company/Founders
When did East India Company came to India?
The British East India Company came to India as traders in spices, a very important commodity in Europe back then as it was used to preserve meat. Apart from that, they primarily traded in silk, cotton, indigo dye, tea and opium. They landed in the Indian subcontinent on August 24, 1608, at the port of Surat.
What is the real name of the East India Company?
The company is also known as the Honourable East India Company ( HEIC ), East India Trading Company ( EITC ), the English East India Company or (after 1707) the British East India Company, and informally known as John Company, Company Bahadur, or simply The Company .
What were the policies of East India Company?
Thus, the commercial policy of the East India Company after 1913 was guided by the needs of British industry. Its main aim was to transform India into a consumer of British manufactures and a supplier of raw materials. The British exported to Britain part of India’s wealth and resources for which India got no adequate economic or material return.
Did the East India Company have a monopoly in India?
As the East India Company edged out the competition and gained control of most of India, it created a monopoly in trade, becoming the only importer of Indian-made goods to Europe and the only legal supplier of Chinese tea in England.
What were the goals of the East India Company in India?
The East India Company’s main goal in India was to make money, and leading officials got very rich. At the same time the company to work to improve roads, preserve peace, and reduce banditry.