History of India, 1600 AD, The formation of The East India company in England
History of India, 1600 AD, The formation of The East India company in England
1.In 1600, the East India Company was formed in England as a private company to carry out trading activities in India.
2.The company was initially formed to trade in spices, textiles and other goods with India, and they had obtained a Royal Charter from Queen Elizabeth I, granting them exclusive rights to trade in the region.
3.The company began to acquire more power and influence in India, and eventually established its own administrative system, separate from the Mughal Empire.
4.The company eventually extended its control to the Bengal region in 1757, and by 1765, it had become the dominant power in India.
5.The company was able to maintain control by developing alliances with local rulers and by providing them with military and financial assistance.
6.The company also created its own army, known as the ‘Sepoy Army’, which was composed of Indian soldiers who were trained and equipped by the company.
7.The company was able to establish its own trading posts and forts, as well as its own judicial system, which was separate from that of the Mughal Empire.
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