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. … In 1608, the company established its first trading post in India.
What did the British East India Company do?
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 role of the British East India Company quizlet?
What was the role of the British East India Company in India? It operated trading posts in India and employed Indian soldiers; they almost acted like a nation within India – they had an army, government, legal system, etc. … They traded cotton, silk, indigo, saltpeter (chemical used in gun powder), and tea.
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 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 role of East India Company in the field of education?
The company wanted to educate some of influential Indians and thereby win the confidence of the upper classes and consolidate its rule in India. So the Company established some centres of higher learning for the Hindus and the Muslims.
What was the purpose of East India Company to recruit the Indian artists?
East India company were recruiting artists during that period because they wanted the artist paint according to them and then sell them under the name of England and whatever the sale was it used to go under the company name because of which the painters had to struggle a lot as they used to get no money for themselves …
What role did the British East India Company have in India until 1857 quizlet?
What role did the british east india company have in india until 1857? It ruled India under under the name of Great Britain. The role was to control trade between Britain, India, and east India. What effect did British rule have on the development of Indian nationalism?
When did the British East India Company do to dominate most of 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.
How did the British East India Company gain so much power in India?
A major turning point in the East India Company’s transformation from a profitable trading company into a full-fledged empire came after the Battle of Plassey in 1757. The battle pitted 50,000 Indian soldiers under the Nawab of Bengal against just 3,000 Company men.
How did the British East India Company maintain control over India?
Around 1670, King Charles II of England gave the British East India Company rights to run their territories in India as they saw fit. He gave them the power to mint money, command fortresses and troops, form alliances, make war and peace, and to enforce laws in the areas they controlled.
How did the company gain control of India?
The British presence in India began through trade. Men like Robert Clive of the British East India Company combined military prowess with a ruthless ambition and became fabulously wealthy. With wealth came power, and traders took control of huge swathes of India. This clip is from the series Empire.
How did it change the company’s administration in India?
The two main administrative changes brought in the British government about regarding the East India company’s rule in India are: i) The Board of Management of the Company and the Court of Directors have been abolished. All their authority was transferred to a cabinet minister, known as India’s secretary of state.
Why was the East India Company so successful?
By the royal charter, the English East India Company was granted the monopoly of trade in Asia. … The low salaries were compensated by opportunities of trade allowed to factors in their private capacity. The Company acted to protect the private trading interests of its employees.
What happened to the East India Company?
The Indian Rebellion was to be the end of the East India Company. In the wake of this bloody uprising, the British government effectively abolished the Company in 1858. All of its administrative and taxing powers, along with its possessions and armed forces, were taken over by the Crown.
How did the East India Company take over India?
After military victories at the battles of Plassey (1757) and Buxar (1764), the EIC was granted the diwani of Bengal – control over the administration of the region and the right to collect tax revenue.