Best answer: What was the main goal of the East India Company?

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 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 main goal of the British East India Company quizlet?

What was the main goal of the British East India company? The main goal was to make money.

What was the British East India Company goal in India?

The British East India Company, was a joint-stock company which was granted an English Royal Charter [contract] by Elizabeth I on December 31, 1600, with the intention of exploring and trading with India and the surrounding areas. The goal was to make money for the company’s shareholders.

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What was the East India Company plan?

Answer : The East India Company wanted to colonise the country side and organise revenue resources. Its priority was to redefine the rights of the people. The Company was also keen to produce the crops it wanted, in India.

Which is the oldest company in India?

List of Oldest Companies in India Year-Wise

Company Name Year Established
Nestlé India 1866
Tata Group 1868
Dabur India Ltd. 1884
Kirloskar Group 1888

When did British came to India?

The British first landed in India in Surat for the purpose of trade. Here’s how and why a simple trading company, the British East India Company, became one of the biggest challenges the subcontinent had ever dealt with. The British landed in India in Surat on August 24, 1608.

How did British gain consolidate and maintain power in India?

Around 1670, King Charles II of England gave the British East India Company rights to run their territories in India as they saw fit. He gave them the power to mint money, command fortresses and troops, form alliances, make war and peace, and to enforce laws in the areas they controlled.

What was the role of the East India Company quizlet?

What was the role of the British East India Company in India? It operated trading posts in India and employed Indian soldiers; they almost acted like a nation within India – they had an army, government, legal system, etc. … They traded cotton, silk, indigo, saltpeter (chemical used in gun powder), and tea.

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What was the cause and effect of the Sepoy Rebellion?

the causes of the sepoy rebellion was when some angry sepoys rose up against their british officers. Also when the east india company required sepoys to serve overseas which was against the sepoy’s religion. Some effects of the rebellion was a bitter legacy and a mistrust on both sides.