The British East India Company - 1565 Words

Looking back in history, it is quite noticeable that trade and politics has always been associated with one another. Simply saying, the more trade one country made with its trading partner, it is likely the the more political influence one country has. So, to have more control over the profit a company gain, it is easier if the company control the trading market. This is why during the 16th century, the period when independency of a nation was fragile, chartered trading companies such as the East India Company (EIC) eventually colonised its foreign markets. During this period, there were other trading companies that held similar approach (colonising foreign trading market) such as the Dutch East India Company (VOC) and Hudson’s Bay†¦show more content†¦High profit was reported due to the establishment of the factory. Furthermore, the 1615 negotiation with the Mughal Emperor has secure EIC exclusive rigts to trade in India. The company met with opposition from the Dutch in the Dutch East Indies (now Indonesia) and the Portuguese. The Dutch virtually excluded company members from the East Indies after the Amboina Massacre in 1623 (an incident in which English, Japanese, and Portuguese traders were executed by Dutch authorities), but the company s defeat of the Portuguese in India (1612) won them trading concessions from the Mughal Empire. The company settled down to a trade in cotton and silk piece goods, indigo, and saltpetre, with spices from South India. It extended its activities to the Persian Gulf, Southeast Asia, and East Asia.( Editors of Encyclopà ¦dia Britannica, 2015,p.1 ) Having less competition in spice trade and more military resources, the British East India Company seek to expand its control in the India territory. From then, the Company has built more factories in different regions of India such as Madras in 1640, Bombay in 1661 and Calcultta in 1690. Despite the many influences on the India economy, the fact that EIC being a British company meant that there were liabilities of foreigness to face. One of the biggest liabilities was surrounding regulations of the Indian Empire. The Company found difficulties to maximise revenue under the control of its partner. The coreShow MoreRelatedThe British East India Company1743 Words   |  7 PagesThe British East India Company first gained power in Bengal in 1757, after the Battle of Plassey, when the Nawab of Bengal Siraj ud-Daulah surrendered his dominions to the Company. By 1773, when the Company settled their capital in Calcutta, they appointed their first Governor-General, Warren Hastings, and henc eforth became directly involved in the governance of almost all of India.When it came to the education policies that the Company implemented in India, not every Governor-General had the sameRead MoreBritish East India Company514 Words   |  2 PagesThe British East India changed the lives of both people in Britain and people in Asia. In Britain it changed their lives by making them rich, introducing them to new products and providing them with foreign luxuries. The British East India Company bought products such as pepper and porcelain back to Britain to be used by the people. It also introduced new things like tea and cloves. The British East India Company was a trading company that traded with Britain and Asia. 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