The English venture to India was entrusted to the (English) East India Company, which received its monopoly rights of trade in 1600. The company included a group of London merchants attracted by Eastern prospects, not comparable to the national character of the Dutch company.
What attracted the European trading companies to settle down in India do you think trading was the only motive support your answer?
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.
What attracted European trading companies to India in points?
Spices like clove, pepper, cinnamon, and cardamom were produced in India and all these spices were of great demand in Europe. These are the primary reasons why European trading companies were attracted to India.
What attracted European companies to India 8?
Spices like Pepper, cloves, cardamom and cinnamon too were in great demand. These were the reasons that attracted European trading companies to India.
How was the East India Company established in India?
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.
Why did Europe value its trade with the East?
Answer: Europe value its trade with the East because Europeans made much profit on spices.
Why did European traders established trading companies?
Answer: European trading companies ventured across the oceans so as to look for new lands from where they could buy goods at a cheap price, and carry them back to Europe to sell at higher prices. … Hence European trading companies were attracted to India.
Why were European traders attracted to India?
European traders were attracted towards India because of the spices grown in tropical climates – pepper, cinnamon, nutmeg, dried ginger etc. These spices had become an important part of European cooking. Also, they found the cotton cloth very attractive.
How did the European traders reach India?
Answer: Near the end of the 15th century, Portugese sailor Vasco Da Gama became the first European to establish direct trade links with India since Roman times by being the first to arrive by circumnavigating Africa. He arrived at calicut and obtained permission to trade from the king.
For what purpose did the European trading companies come to India in the 16th century?
Answer: They came in India in order to trade. they bought raw materials from India like Cotton at cheap price and make product out of it in their country and sell in India at higher prices…
How did the East India Company begin trade in Bengal Class 8?
The East India Company set its foot in Bengal in 1633 when a factory was established at Hariharpur on the Mahanadi delta. On 2 February, the English obtained a farman from Emperor shahjahan permitting them to pursue trade and commerce in Bengal.
Was the English East India Company was the only European company that traded with India?
Yes, the English East India Company was the only European Company that trade with India.
How did the East India Company expand its rule in India Class 8?
Company Rule Expands:
After battle of Buxar, the company appointed residents in Indian states. The company forced the states into a ‘subsidiary alliance’ and the king had to put an army of British. In the case of non payment to army the nawab or the king had to give some part of its territory.