What did the British India Company do?

What did the British India Company do?

It was an English company formed for the exploitation of trade with East and Southeast Asia and India. Although it started as a monopolistic trading body, it became involved in politics and acted as an agent of British imperialism in India from the early 18th century to the mid-19th century.

How did the British become involved with India?

The British presence in India began through trade. Men like Robert Clive of the British East India Company combined military prowess with a ruthless ambition and became fabulously wealthy. With wealth came power, and traders took control of huge swathes of India.

What company did the British government give power to in India?

the East India Company
The British entrusted this task to the East India Company, which initially established itself in India by obtaining permission from local authorities to own land, fortify its holdings, and conduct trade duty-free in mutually beneficial relationships.

How did the East India Company became an imperial power in India explain?

Answer: East India company become men imperial power to protect it reading interest from other European traders it begin as a trading company took over political control and become the ruler of entire India.

What was the name of the British East India Company?

The East India Company ( EIC ), also known as the Honourable East India Company ( HEIC ), East India Trading Company ( EITC ), or the British East India Company, and informally known as John Company, Company Bahadur, or simply The Company, was an English and later British joint-stock company.

What did the British do with their money in India?

The British (both under the East India Company and the British crown) simply shipped away huge amounts of wealth with practically no returns to India. In the words of Macaulay,

What was the main settlement of the British in India?

The Company’s main settlements, Bombay, Madras and Calcutta were established in the Indian provinces where cotton textiles for export were most readily available.

What did the East India Company do during the Carnatic Wars?

Company interests turned from trade to territory during the 18th century as the Mughal Empire declined in power and the East India Company struggled with its French counterpart, the French East India Company ( Compagnie française des Indes orientales) during the Carnatic Wars of the 1740s and 1750s.