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 Company thus became the de facto ruler of large areas of the lower Gangetic plain by 1773. It also proceeded by degrees to expand its dominions around Bombay and Madras. The Anglo-Mysore Wars (1766–1799) and the Anglo-Maratha Wars (1772–1818) left it in control of large areas of India south of the Sutlej River.

Detailed explanation-3: -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-4: -The East India Company was an important company in England that imported a wide variety of goods from Asia including tea, silk, cotton, salt, indigo, and even foreign land. It was authorized on the last day of the year 1600 by Queen Elizabeth I.

Detailed explanation-5: -The company used its armed force to subdue Indian states and principalities with which it had initially entered into trading agreements, to enforce ruinous taxation, to carry out officially sanctioned looting, and to protect its economic exploitation of both skilled and unskilled Indian labor.