East India Company: Difference between revisions
No edit summary |
No edit summary |
||
| Line 4: | Line 4: | ||
In 1608 the first ship finally arrived in Surat and in 1615 Sir Thomas Roe asserted the right for the British to build a factory in that city. Over the years the British had overpowered the Portugese in terms of trading and where therefor able to massively expand their commerce in India. As a result more and more branches were established along the east and west coast of India with British denizens settling down in Calcutta, Madras and Bombay. | In 1608 the first ship finally arrived in Surat and in 1615 Sir Thomas Roe asserted the right for the British to build a factory in that city. Over the years the British had overpowered the Portugese in terms of trading and where therefor able to massively expand their commerce in India. As a result more and more branches were established along the east and west coast of India with British denizens settling down in Calcutta, Madras and Bombay. | ||
The greatest success was recorded in 1717 when a decree from the Mughal Emperor stated that the Company was exempted from the payment of custom duties in Benegal. | The greatest success was recorded in 1717 when a decree from the Mughal Emperor stated that the Company was exempted from the payment of custom duties in Benegal. | ||
http://www.sscnet.ucla.edu/southasia/History/British/EAco.html | |||
Revision as of 12:46, 11 June 2013
Founded in 1600, dissolved in 1874. Traded in cotton, silk, tea and spices and, over time, came to rule over large parts of the Indian subcontinent.
The East India Company started when Queen Elizabeth I allowed 218 merchants a monopoly priviledges in trading goods to the east of the Cape of Good Hope. Back then, the company established new ways of trading like offering limited liabilities to shareholders, people were becoming members of a company and the company itself had a whole state standing behind it and therefore was able create a worldwide importance. In 1608 the first ship finally arrived in Surat and in 1615 Sir Thomas Roe asserted the right for the British to build a factory in that city. Over the years the British had overpowered the Portugese in terms of trading and where therefor able to massively expand their commerce in India. As a result more and more branches were established along the east and west coast of India with British denizens settling down in Calcutta, Madras and Bombay. The greatest success was recorded in 1717 when a decree from the Mughal Emperor stated that the Company was exempted from the payment of custom duties in Benegal.
http://www.sscnet.ucla.edu/southasia/History/British/EAco.html