East India Company

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East India Company (EIC) was a joint-stock company. Its headquarters were in London. It was started for trading with the East Indies, but mostly traded with India and China. It was given a charter in 1600. It traded many things in India. In the middle 18th century, the company built up its own presidency armies and won the Battle of Plassey. This brought it from trading with India to ruling India. It was dissolved in 1874.

The Company had armed forces and armed ships. It fought against various Indian rulers and struggled against the Dutch East India Company and other European nations. It was ruled by one governor and 24 directors. It became a monopoly in most parts of India.[1]

The company was dissolved in 1874.[2] Its role was taken over by the Government of India (the British Raj). At its height, the Raj covered a huge area from Baluchistan in the west to Burma in the east, plus Ceylon and a number of other islands.

References[change | change source]

  1. Chaudhury S. 1999. Merchants, companies, and trade: Europe and Asia in the early modern era. London: Cambridge University Press.
  2. Gardner, Brian 1972. The East India Company: a history. McCall Publishing Company. ISBN 0-8415-0124-6