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 main aim of the British East India Company?
The original aim of the East India Company was to trade. The company was chartered by Queen Elizabeth I for trade with Asia. The original object of the group of merchants involved was to break the Dutch monopoly of the spice trade with the East Indies.
What were the three main goals of the East India Company?
The most important goals of the East India Company were to spread British influence and power, establishing a trading post in the region, and bring the trade goods back to England to benefit the British investors.
What was the role of the British East India Company in India?
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 with India, China, Persia and Indonesia for more than two centuries.
What was the original purpose of the British East India Company quizlet?
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. The goal was to make money for the company’s shareholders.
What was the main objective of the East India Association?
The several objectives and activities of East India Association were as follows: Its stated objective was to advocate for and promote public interests and welfare of Indians. It worked towards presenting the correct information about India to the British Public and voice Indian grievances in British press.
What caused the Sepoy Rebellion in India?
The immediate cause of the Indian Revolt of 1857, or Sepoy Mutiny, was a seemingly minor change in the weapons used by the British East India Company’s troops. … In order to open the cartridges and load the rifles, soldiers (known as sepoys) had to bite into the paper and tear it with their teeth.
What is the nickname of the English East India Company?
History of the East India Company. The Honourable East India Company (HEIC) was incorporated on 31 Dec 1600 by Queen Elizabeth I and was often called by its nickname John Company.
What was the Sepoy Rebellion and how did it change colonial India?
The Rebellion represented the single greatest threat to British control of the sub-continent before 1947. The mutiny was, in reality, a war of independence. It profoundly changed the British administration of India. While the British suppressed the revolt, it fundamentally transformed the colonial system in India.
How did the East India Company take over India?
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.
Who allowed British to enter India?
Elizabeth granted her permission and on 10 April 1591 James Lancaster in the Bonaventure with two other ships sailed from Torbay around the Cape of Good Hope to the Arabian Sea on one of the earliest English overseas Indian expeditions.
Who ruled India before British?
The Mughals ruled over a population in India that was two-thirds Hindu, and the earlier spiritual teachings of the Vedic tradition remained influential in Indian values and philosophy. The early Mughal empire was a tolerant place. Unlike the preceding civilisations, the Mughals controlled a vast area of India.
Did India exist before the British?
Even during Ashoka’s time or during the Mughal period, we see ‘India’ existing as a cultural or political idea.” “But it’ll be nonsense to say that there was an idea of India as a nation-state before the colonial period. … Burma, which was a part of the British Raj, was not seen as a part of India by our forefathers.