The East India Company was initially created in 1600 to serve as a trading body for English merchants, specifically to participate in the East Indian spice trade. It later added such items as cotton, silk, indigo, saltpeter, tea, and opium to its wares and also participated in the slave trade.
What was the main goal of the East India Company?
The British East India company took over in the 1800’s for Indias spices and salt. What was the main goal of the British East India company? The main goal was to make money.
Why was the East India Company interested in India?
The British East India Company came to India as traders in spices, a very important commodity in Europe back then as it was used to preserve meat. Apart from that, they primarily traded in silk, cotton, indigo dye, tea and opium. They landed in the Indian subcontinent on August 24, 1608, at the port of Surat.
What are the three main goals of the East India Company was to?
The most important goals of the East India Company were to spread British influence and power, establishing a trading post in the region, and bring the trade goods back to England to benefit the British investors.
What was the East India Company putting its effort on?
It specialised in the spice trade and gave its shareholders 40% annual dividend. The British East India Company was fiercely competitive with the Dutch and French throughout the 17th and 18th centuries over spices from the Spice Islands.
What was the EIC 4 marks?
Ans: E.I.C was a trading company established by British traders, In 1600AD Queen Elizabeth granted charter of trade to trade in the east of Africa. In 1612 Prince Khurram allowed E.I.C to trade with India.
What was the supremacy of East India Company in war?
Answer: The Supremacy of East India Company in war was supremacy. Explanation: That East India company came here to have a business partnership with India but after that they were taking the supremacy decision to lead on India.
What are the two objectives of the East India Company to permanently rule in India?
The East India Company had two major objectives first to acquire exclusive rights to trade from and to India and second to somehow take over the financial resources of the country.
How did the East India Company rapidly rise to power in India?
The Company long held a privileged position in relation to the British Government. As a result, it was frequently granted special rights and privileges, including trade monopolies and exemptions.
What happened to the Dutch East India Company?
After the financially disastrous Fourth Anglo-Dutch War (1780–1784), the company was nationalised in 1796, and finally dissolved on 31 December 1799. All assets were taken over by the government with VOC territories becoming Dutch government colonies.
What was the role of East India Company in the field of education?
The company wanted to educate some of influential Indians and thereby win the confidence of the upper classes and consolidate its rule in India. So the Company established some centres of higher learning for the Hindus and the Muslims.
Why was the East India Company able to function with so much power to the point of making its own home country Britain worried about the company’s operations?
Why was the East India Company able to function with so much power—to the point of making its own home country, Britain, worried about the company’s operations? … Britain built significant infrastructure in India, which benefited India but was primarily aimed to help Britain extract profit from India’s resources.