WORLD HISTORY

Detailed explanation-1: -The East India Company was an English company formed for the exploitation of trade with East and Southeast Asia and India. Incorporated by royal charter on December 31, 1600, it was started as a monopolistic trading body so that England could participate in the East Indian spice trade.

Detailed explanation-2: -The East India Company itself was formally dissolved by Act of Parliament in 1874. Thus began the British Raj, direct imperial rule of India by the British state.

Detailed explanation-3: -By 1818, the EIC was the paramount political power in India, with direct control over two thirds of the subcontinent’s landmass and indirect control over the rest.