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: -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: -Setting up numerous posts along the eastern and western coast, the most important trading ports were established around Calcutta, Bombay, and Madras. The three ports, allowed the East India Company to have monopoly over the trade routes over the Indian Ocean.

Detailed explanation-5: -In 1600, the East India Company acquired a charter from the ruler of England, Queen Elizabeth I, granting it the sole right to trade with the East.