COLONIALISM AND IMPERIALISM
COLONIALISM AND ITS ANALYSIS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Blocked the sea routes
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Sank the ships of other European traders
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Prevented rival ships from moving with supplies of good
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All of the above
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Detailed explanation-1: -What did the mercantile companies in India do to establish their upper hand in trade? Blockaded the sea routes. No worries!
Detailed explanation-2: -Mercantile trading companies in those days made profit primarily by excluding competition, so that they could buy cheap and sell dear. The royal charter, however, could not prevent other European powers from entering the Eastern markets.
Detailed explanation-3: -Mercantile agencies, or commercial agencies, are organizations that are designed to collect, record, and distribute to regular clients information relative to the standing of commercial firms. They thus act as a sort of clearing house of information on customers’ reliability.
Detailed explanation-4: -Trading companies were established in the 16th and 17th centuries by European countries to conduct trade and settlement in their colonies. Most of these companies have ceased to exist or have changed their business scope. Other trading companies are of recent origin.
Detailed explanation-5: -The fine qualities of cotton and silk produced in India had a big market in Europe. Indian spices like pepper, cloves, cardamom and cinnamon too were in great demand. Hence European trading companies were attracted to India. Was this answer helpful?