LITERATURE QUESTIONS
THE VICTORIAN NOVEL
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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an entity with its own military power.
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a monopoly.
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a problematic ruling body separate from the British Empire, who finally reigned in its power starting in 1813.
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All of the above
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Detailed explanation-1: -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.
Detailed explanation-2: -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.
Detailed explanation-3: -The British East India Company took over India in order to establish a colony which made it a monopolistic trading power in the trading of spices as well as other items of trade that were in demand in Europe. In time India would also become a lucrative market for machine-made British goods.
Detailed explanation-4: -The British East India Company was interested in India because it contained vast quantities of valuable goods. These goods included tea, cotton, indigo and spices. The British East India Company came to dominate the production and trade of these goods.