10 Facts about East India Company
Look at Facts about East India Company to get the pieces of information about an English stock company. Later it became a British joint stock company. The East India Company is also called British East India Company, Honourable East India Company or John Company. The primary objective of East India Company to develop trade with East Indies. However, the major focuses of the trade took place in Qing China and Indian subcontinent.
Facts about East India Company 1: the basic commodities
The basic commodities like saltpetre, opium, tea, silk, cotton, salt and indigo dye were traded by the company.
Facts about East India Company 2: British Empire in India
India was a part of British Empire. At first, it was dominated and ruled by the company.
Facts about East India Company 3: the royal charter
On December 31st, 1600, Queen Elizabeth I awarded the company with a royal charter. Thus, it earned the title as the oldest East India Company in Europe. Look at facts about Denmark in World War 2 here.
Facts about East India Company 4: the shares
The shares of East India Company were owned by the rich aristocrats and merchants.
Facts about East India Company 5: the role of the government
The British government had not direct control over the company due to their absence of shares.
Facts about East India Company 6: trade
Trade was the major focus of East India Company in the first 100 hundred years of its operation. East India Company did not have any intention to build an empire in India.
Facts about East India Company 7: the shifted objective
The objective of East India Company was shifted to capture territory from trade when the Mughal Empire lost its power in 18th century. At that time, East India Company had to face French East Company by dealing with Carnatic Wars. Find facts about Easter Rising here.
Facts about East India Company 8: the Indian powers
The Indian powers were defeated by Robert Clive and his British army at the Battle of Plassey and Battle of Buxar. The company led the political and military power in India. Moreover, Bengal was also controlled by East India Company.
Facts about East India Company 9: the effective rules
In 1757, East India Company officially ruled India. It ended in 1857 because of Indian Rebellion. British Crown began to take control of India by passing Government of Indian Act 1858. Then Indian was turned into British Raj.
Facts about East India Company 10: Robert Clive
The first British Governor who ruled Bengal was Robert Clive. He appointed Mir Jafar as the Nawab of Bengal.
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