Dutch East India Company
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- 1. a trading company formed in 1600 to develop commerce in the newly colonized areas of SE Asia and India. In the 18th century it took administrative control of Bengal and other areas of India, and held it until the British Crown took over in 1858 in the wake of the Indian Mutiny.
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The East India Company (EIC) [a] (1600–1874) was an English, and later British, joint-stock company founded in 1600 and dissolved in 1874. [4] It was formed to trade in the Indian Ocean region, initially with the East Indies (South Asia and Southeast Asia), and later with East Asia. The company gained control of large parts of the Indian ...
Nov 9, 2024 · 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.
- The Editors of Encyclopaedia Britannica
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A royal charter created the English East India Company on 31 December 1600 as a limited joint stock company (people invested capital and received part of the profits) managed by a group of 215 merchants and investors headed by the Earl of Cumberland. Awarded by Elizabeth I of England (r.1558-1603), the charter granted the EIC the exclusive right to...
The EIC was heavily involved in what become known as the 'triangular trade', which involved exchanging precious metals for products made in India (notably fine textiles) and then selling these on in the East Indies in exchange for spices. The spices (above all pepper) were then shipped to London, where they commanded prices high enough to make a pr...
The Mughal Empire did receive some other benefits to these trade arrangements. Often British warships performed services and helped protect the interests of the emperors at sea. The British-Mughal relationship was affected by the Marathas who challenged and conquered Mughal territories in the southern and western areas of India in the 18th century....
In 1764-5, after the Battle of Buxar, the Mughal emperor Shah Alam II awarded the EIC the right to collect land revenue (dewani) in Bengal, Bihar, and Orissa. This was a major step and ensured the company had vast resources to expand and protect its traders, bases, armies, and ships. The EIC had now become the official imperial tool of the British ...
1857-58 saw the collapse of the Mughal Empire and the formal closure of the EIC as the British Crown repressed the Sepoy Mutiny (aka The Uprising or First Indian War of Independence) which rebelled against British rule. The causes of the rebellion were many and ranged from discrimination against Indian cultural practices to Indian princes not being...
- Mark Cartwright
Oct 23, 2020 · 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 ...
- Dave Roos
4. The company’s management was remarkably efficient and economical. During its first 20 years the East India Company was run from the home of its governor, Sir Thomas Smythe, and had a permanent staff of only six. In 1700 it operated with 35 permanent employees in its small London office. In 1785 it controlled a vast empire of millions of ...
The East India Company and its role in ruling India. Based on the site where the Lloyd’s building is today, East India House was the headquarters of the largest and most powerful company that the world has ever seen; The East India Company. In the late 1500s, European explorers started sailing east for trading purposes.
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Feb 7, 2006 · The East India Company was the trading company chartered in 1600 by Elizabeth I of England with a monopoly over the Eastern Hemisphere. Schemes for promoting the British fur trade between the Pacific coast and China, including those of Alexander Dalrymple and Alexander Mackenzie, necessitated inclusion of the East India Company, whose privileges deterred such commerce.
