The East India Company - 961 Words

The East India Company was a British joint-stock company establish on the 31st of December, 1600 under the original name ‘The Company of Merchants of London trading into the East Indies.’ Over the next hundreds of years the Company set a sail attempting to find riches in trade on their journeys to these new lands. They found value in crops such as indigo, salt, cotton, silk, opium and other cash crops that the barren land of Europe lacked. This would be the company that would set sail to the land of India and dominate its soil from the middle of 1700’s to the middle of the 1800’s. In a little over fifty years the East India Company was transformed from a body of traders controlling a scattered group of commercial settlements round the coasts of India into the rulers of provinces with a population popularly supposed in Britain to contain fifty or sixty million inhabitants. The Company was able to find its growth and power from wealthy merchants and aristocr ats that would invest their money into the Company after seeing how successful they were becoming. A healthy amount of these wealthy investors were part of the British Parliament. This intertwined government views and beliefs with the business side of views and beliefs. With more and more backing though, the Company slowly grew a ship or two every now and then until they were a full fleet of trade ships moving massive amounts of crops. Colonies were eventually set up and the land was taken for the new Englishmen, whoShow MoreRelatedThe British East India Company1743 Words   |  7 PagesThe British East India Company first gained power in Bengal in 1757, after the Battle of Plassey, when the Nawab of Bengal Siraj ud-Daulah surrendered his dominions to the Company. By 1773, when the Company settled their capital in Calcutta, they appointed their first Governor-General, Warren Hastings, and henceforth became directly involved in the governance of almost all of India.When it came to the education policies that the Company implemented in India, not every Governor-General had the sameRead MoreThe British East India Company2050 Words   |  9 PagesBritish East India Company was an English and later (from 1707) British joint-stock company formed for pursuing trade with the East Indies but which ended up trading mainly with the Indian subcontinent. The East India Company traded mainly in cotton, silk, indigo dye, salt, saltpetre, tea and opium. Shares of the company were owned by wealthy merchants and aristocrats. The government owned no shares and had only indirect control. The Company eventually came to rule large areas of India with itsRead MoreBritish East India Company514 Words   |  2 PagesThe British East India changed the lives of both people in Britain and people in Asia. In Britain it changed their lives by making them rich, introducing them to new products and providing them with foreign luxuries. The British East India Company bought products such as pepper and porcelain back to Britain to be used by the people. It also introduced new things like tea and cloves. The British East India Company was a trading company that traded with Britain and Asia. The Company itself made lotsRead MoreEssay on British East India Company1068 Words   |  5 PagesBritish East India Company The East India Company began as a commercial enterprise established for the British to pursue trade with the East Indies, specifically the Indian subcontinent. Queen Elizabeth of England had issued a royal charter for this company which led to the substantial power that East India Company gained in India. The company James Lancaster’s voyage to the East Indies led to the founding of the East India Company (Halliday 106). The attraction to the Indies began in the fifteenthRead MoreThe English East India Company1785 Words   |  8 PagesThe Portuguese Working Under the English East India Company at Fort St. George Madras in the Seventeenth Century The success for the English East India Company making inroads in the Coromandel was due to the Anglo-Portuguese Truce (1630), which made possible for the foundation of an English settlement in 1640 at Madraspatnam. With the establishment of Fort St. George in 1640, slowly the migrants begin to settle down with the promise of no tax for thirty years, ‘the term of thirty years only no customRead MoreThe British East India Company1565 Words   |  7 Pagescontrol over the profit a company gain, it is easier if the company control the trading market. This is why during the 16th century, the period when independency of a nation was fragile, chartered trading companies such as the East India Company (EIC) eventually colonised its foreign markets. During this period, there were other trading companies that held similar approach (colonising foreign trading market) such as the Dutch East India Company (VOC) and Hudson’s Bay Company, however, this essay willRead MoreThe British E ast India Company Tea Trade1764 Words   |  8 PagesThe British East India Company Tea Trade In a royal charter granted by Queen Elizabeth I, a group of ambitious Englishmen created something they never could have fathomed the lasting effects of. The British East India Company was much more than a means of trade, it brought countries together and it tore them apart. It sustained a powerful empire and brought corruption where corruption never existed. Trade was the prerogative but power was the motive. The British East India Company serves as a paradigmRead MoreThe Army of the British East India Company Essay1749 Words   |  7 PagesChapter 4: The Army of the British East India Company The army of the British East India Company in the Bengal Presidency, prior to the Sepoy Rebellion of 1857-1858, was based heavily on native models in keeping with the limited goal of the Company in India: to make profits, but avoid upsetting the traditional order as much as possible. Robert Clive and Warren Hastings were the fathers of the Honorable Companys army in India prior to 1857, but they in turn based their policies on the armiesRead MoreFor Queen and Country: The British East India Company Essay967 Words   |  4 PagesWhen most people think of the British East India Company, they think of tea, but the English trading group was so much more. The state-backed company used game-changing policies in their business with India and other countries that interacted with Great Britain. While the Company was wildly successful in many of those ventures, they were also involved in many important political events of their time. The British East India Company’s innovative policie s and practices, such as their achievements inRead MoreThe Role of the British East India Company Essay836 Words   |  4 PagesBritish East India Company played a significant yet strange part in the Indian. It was, at its inception, a commercial venture in the history of The British Empire, which was established in the year 1600 in the subcontinent. The main reason for entering the subcontinent was trade, making money and importing spices from South Asia. It was the Portuguese who used all their skills and their navigational technology to enter this great area first, and start trade in the most profitable manner they could