In the late s, European explorers started sailing east for trading purposes. The Dutch initially took a lead in this, focusing mainly on spices and in particular the trade of peppercorns. Concerned that the English were falling behind to the Dutch on these new trading routes, on the 31st December Queen Elizabeth I granted over English merchants the right to trade in the East Indies. Their first expedition left for Asia in with four ships commanded by James Lancaster pictured to the right.

James Lancaster History Of East India Trading Company duly knighted for his service. Wars, pirates and lower profit margins forced the Company to grow into new markets where competition was less fierce. This strategy appeared to pay off, as by the s the Company had grown so large that it had come to dominate the global textile trade, and had even amassed its own army in order to protect its interests. Although the forces of the East India Company were at first only concerned with Company Store Job the direct interests of the Company, this was to change with the Battle of Plassey in Faced with a local uprising led by Siraj ud-Daula with some French assistance!

However, this was to be a turning point for the Company and the following years saw it take full administrative powers over its territories, including the right to tax anyone living within its boundaries. The reasons for this were two-fold. Firstly, the industrial revolution had changed the way that the Company dealt with the textiles trade.

Prior to this, highly skilled weavers were employed in India to make cottons and silks by hand. These light, colourful and easy to wear garments were popular amongst the fashionistas and upper classes of Britain. By the time of the Industrial Revolution, Britain had started producing these garments in its own factories, dramatically lowering prices due to mass production and bringing the fashions into the reach of the middle classes.

The second reason for Most Unethical Pharmaceutical Company change in trading patterns was the growing desire in Europe for Chinese tea.

This was a potentially massive market for the Company, but was held back by the fact that the Chinese only traded their tea for silver. Unfortunately Britain was on the gold standard at the time, and had to import silver from continental Europe, making the whole tea trade financially unviable.

It rented them from private companies, many of which were based at Gebbs Company Wikipedia in East London. In short, through illegal drugs! The Company started encouraging opium production in its Indian territories, which it then gave to private merchants heavily taxed, of course to be sold to China. Unfortunately this broke Chinese law, although it was tolerated by the authorities for a good 50 years until the trade balance fell to such a point that the Chinese could not afford to let it continue.

This came to a head in when History Of East India Trading Company Chinese Berg Company Dubai that all opium stock be handed over to its government for destruction. This ultimately led to the Opium Wars. At the same time as the Opium Wars, the Company started witnessing an increasing amount of rebellion and insurgence from its Indian territories.

In retaliation for this uprising, the Company killed thousands of Indians, both rebel combatants as well as a large number of civilians perceived to be sympathetic to the uprising. This was the Indian Rebellion of In the wake of this bloody uprising, the British government effectively abolished the Company in All of its administrative and taxing powers, along with its possessions and armed forces, were taken over by the Crown.

This was the start of the British Raj, a period of direct British colonial rule over India which continued until independence in It accomplished a work such as in the whole history of the human race no other Company ever attempted and as such, is ever likely to attempt in the years to come. The Times, 2nd January Afternoon tea, a very English custom!

English coffee houses of the 17th and 18th century were meeting places of ideas, science, politics, commerce, known as penny…. So how did the East India Company make its fortune in Chinese tea? Related articles. Afternoon Tea. Sir Francis Drake. English Coffeehouses, Penny Universities. Next article. We use cookies to ensure that we give you the best experience on our website. By continuing to Noodles And Company Congressional Plaza the site you are agreeing to our use of cookies.

East India Company - History of Britain

Jan 29, 2020 · The East India Company was a private company which, after a long series of wars and diplomatic efforts, came to rule India in the 19th century. Chartered by Queen Elizabeth I on December 31, 1600, the original company comprised a group of London merchants who hoped to trade for spices at islands in present day Indonesia.…

5 Fast Facts About the East India Company Britannica

2. The East India Company controlled its own army, which by 1800 comprised some 200,000 soldiers, more than twice the membership of the British Army at that time. The company used its armed force to subdue Indian states and principalities with which it had initially entered into trading agreements, to enforce ruinous taxation, to carry out officially sanctioned looting, and to protect its ...…

Dutch East India Company - Wikipedia

The Dutch East India Company, officially the United East India Company (Dutch: Vereenigde Oostindische Compagnie; VOC) was a megacorporation founded by a government-directed amalgamation of several rival Dutch trading companies (voorcompagnieën) in the early 17th century. It was established on 20 March 1602, as a chartered company to trade with Mughal India during the …Headquarters: Amsterdam (global), Batavia (overseas)…