The%2520 east%2520india%2520company[1][1]
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Transcript of The%2520 east%2520india%2520company[1][1]
Some believe that the East India Company was one of the “most
powerful engines” of state and empire in British history. – Huw V. Bowen
-The Company lasted from 1600- 1874 and was chartered by Queen Elizabeth I for trade with Asia
-In the year 1600, a group of merchants were given exclusive control over all trade with the East Indies
THE EAST INDIA COMPANY
-Trading ports started to be established along the east and west coasts of India
-English communities started developing around the cities of Calcutta, Bombay, and Madras
-The Company focused mainly on trade in cotton, silk, indigo dye, tea, saltpetre (potassium nitrate) and opium
- Within the battle, Robert Clive ( a military official of the East India Company) defeated Siraj- ud daulah who was the Nawab of Bengal (the provincial governor of Bengal).
- After the fall of Bengal, the province became poor and there was a famine from 1760- 1770 in which many people died.
-The Battle of Plassey in 1757 transformed the East India Company from a trading element into a ruling enterprise.
-The photo shows the emperor Shah Alam II granting Robert Clive tax- collecting powers in Bengal in 1765.
Battle of Plassey
-The Governor- Generals allowed British rule to greatly expand in India and they collected revenue from the Indians.
- These significant Governor- Generals include Warren Hastings and Charles Cornwallis.
- The Chinese banned opium imports but it was still smuggled into China (The East India Company bought the opium in Bengal)
- In 1773, the East India Company was involved with an illegal opium trade with China
-In order to diminish the exploitative practices of the company and to gain a share of revenues, the British government intervened and passed the Regulating Act of 1773.
Collecting revenue
- The Company faced much resistance from local rulers in India but eventually the company gained control of almost all of India.- Eventually the Rebellion of 1857- 1858 (Sepoy
Mutiny) occurred which led to the decline of the East India Company
- The rebellion occurred because of annexation of native states, harsh revenue policies, and the plight of the Indian peasantry
Sepoy Mutiny